On 201117, China Industrial and Commercial Bank officially opened five branches in Paris, Brussels, Amsterdam and Madrid. At present, ICBC has set up business institutions and relatively complete service networks in nine European countries, including Germany, Luxembourg, Britain, Russia, France, Netherlands, Belgium, Italy and Spain. After the opening of the business, the business of the five branches developed strongly, and all of them achieved profits in the first half of that year, setting a profit record for new overseas institutions of global commercial banks.
On October 20111October 2 1, Industrial and Commercial Bank of China and Bank of East Asia signed a transaction agreement to acquire the equity of Bank of East Asia in the United States, and will acquire 80% of the equity of Bank of East Asia in the United States at a price of10.40 billion US dollars. After the transaction is completed, ICBC will be responsible for the operation and management of the Bank of East Asia. This acquisition is the first time that Bank of China has acquired a controlling stake in an American commercial bank.
20 1 1 On March 8th, 2008, China Industrial and Commercial Bank completed the delisting tender offer for China Industrial and Commercial Bank (Thailand) Co., Ltd., and completed the delivery of shares and funds. At this point, the acquisition project of ICBC (Thailand) ACL Bank was successfully concluded, which is the first time in the history of Chinese banks to acquire overseas listed banks through voluntary offer.
On the 20th 1 1 March11,ICBC officially opened its first overseas RMB business center in Singapore Branch, which opened the prelude to the large-scale development of the overseas RMB business market. By the end of 20 1 1, ICBC's cross-border RMB business exceeded 1 trillion yuan, of which 20 1 1 cross-border RMB settlement reached nearly 700 billion yuan, an increase of nearly five times over the previous year. 276 RMB interbank accounts were opened, and the clearing network covered 55 countries and regions around the world, ranking first in the industry.
On 2011March 18, the first gold sales and repurchase center of China Industrial and Commercial Bank officially opened in Beijing West Railway Station Sub-branch, becoming the first high-standard and standardized precious metal flagship store of domestic commercial banks integrating sales, repurchase, display and trading.