Standard Chartered ICBC

Hello sir would you please tell me about Industrial & Commercial Bank of China Ltd. (ICBC) and also tell me what is the connection between Standard Chartered bank???

[Shaleen]

Industrial and Commercial Bank of China Ltd. was founded in 1984, it is a Chinese multinational banking company and it is the largest bank in the world by total assets and market capitalization.

In October 2007 the Industrial and Commercial Bank of China (ICBC) acquired a stake of about 20% in Standard Bank for US$5.5bn.

Industrial & Commercial Bank of China Ltd. is the world’s most profitable lender which was agreed to buy control of Standard Bank Group Ltd.’s markets unit to expand in trading spanning commodities and interest rates to currencies.

Industrial & Commercial Bank of China Ltd. had signed an agreement with the Standard Chartered Bank for expanded cooperation.

The ICBC building in Shanghai:


The ICBC building in Xi'an


ICBC Bank in Beijing


Address:
Industrial and Commercial Bank of China
Tianyin Mansion
2 Fuxingmen S St
Xicheng, Beijing
China

[MAP]Industrial and Commercial Bank of China[/MAP]
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