Industrial and Commercial Bank of China Limited (“ICBC”), which was incorporated in the People’s Republic of China on the 1st of January in 1984, is now one of the largest commercial banks in the world.
In October 2008, the opening of Industrial and Commercial Bank of China (Middle East) Limited (regulated by the Dubai Financial Services Authority) allows ICBC to become the pioneer among the Chinese financial institutions for the Middle East market.
With strong support from its Head Office located in Beijing, ICBC Middle East supports the financial needs of the UAE and Middle East area, providing comprehensive international trade, overseas financing against domestic support, project finance, clearance and settlement, and a series of financial services, and became a link of economic and trade exchanges between China and Middle East region.
This statistic shows the total assets of the Industrial and Commercial Bank of China from 2011 to 2021. In terms of total assets, the Industrial and Commercial Bank of China is considered the biggest bank in China. In 2021, the Industrial and Commercial Bank of China reported total assets worth approximately 35.2 trillion yuan.