INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ICBC)
The Industrial and Commercial Bank of China (ICBC) is one of the largest Commercial Banks in the People’s Republic of China (PRC) by total assets, total employees and total customers. It's part of "Big Four Bank" with: Agricultural Bank of China (ABC), China Construction Bank (CCB) and Bank of China (BOC). The ICBC differentiates itself from the other State Owned Commercial Banks by being second in foreign exchange business. Was founded in 1984 thanks to a banking reform that gives the ICBC part of the People’s Bank of China (PBOC) commercial functions.
The ICBC is State Owned Bank and operates mainly in urban areas for credit companies disbursement. The ICBC is the largest listed Bank in the world, with a market capitalization at the end of 2010, amounting to 233.5 billion dollars.
Editor: Giovanni AVERSA