Chinese banking giant ICBC expands in Europe
By DPA, IANSMonday, January 17, 2011
LUXEMBOURG - China’s banking giant, the Industrial & Commercial Bank of China (ICBC), launched Monday an expansion of its operations across Europe.
ICBC opened five new branches Monday in major European capitals - in Amsterdam, Brussels, Paris, Madrid and Milan.
The banking giant already has branches in Moscow, London, Frankfurt and Luxembourg.
Speaking at a press conference, ICBC chief Jiang Jianqing said his bank’s move was in recognition of the long-term growth potential of the European market.
ICBC has about 3.6 million business customers and 216 million private customers in China. It operates about 160 branches around the world.
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