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ICBC Rotterdam Branch Officially Established

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Industrial and Commercial Bank of China Rotterdam Branch in the Netherlands was officially established on January 27 local time. Rotterdam Branch is the second business institution established by ICBC in the Netherlands, following Amsterdam Branch, which marks a new stage for ICBC’s development in the Netherlands. So far, ICBC has established branches in 20 main cities in Europe, namely, Luxembourg, London, Paris, Amsterdam, Rotterdam, Brussels, Antwerp, Milan, Rome, Madrid, Barcelona, Frankfurt, Dusseldorf, Munich, Hamburg, Berlin, Moscow, Warsaw, Lisbon and Istanbul, which significantly strengthened its service capacity in the European region.

Chairman Jiang Jianqing said in the inaugural ceremony of Rotterdam Branch that, the economic and trade relations between China and the Netherlands have kept a solid momentum in recent years, as the Netherlands becomes China' s third largest trade partner and second largest source of export in the EU, and China is the Netherlands’ second largest source of import. The increasingly closer relations between China and the Netherlands in areas such as trade and investment have created stronger demand for cross-border financial services from enterprises of the two countries. Since it set foot in the Netherlands in 2011, ICBC has been committed to building a bridge for economic and trade exchanges between China and the Netherlands, and has made positive contributions, among others, to supporting the interaction and cross-border investment of enterprises from both sides. Rotterdam is not only the second largest city in the Netherlands and the largest port in Europe, but also the point of convergence for the Silk Road Economic Belt and the 21st Century Maritime Silk Road. After its establishment, Rotterdam Branch will, by leveraging ICBC Group’s advantages in funds, network and technology, provide high-quality financial services for the interconnectivity between the Central Europe and Eurasia, and to the advancing of the “Belt and Road” Initiative.

In recent years, ICBC has been actively adapted to customers' diversified needs for financial services, and steadily pressed ahead with internationalized and integrated operations. It has accelerated establishment of overseas institutions, broadened business fields, and worked to improve cross-border financial services. At present, ICBC has built a global service network spanning 42 countries and territories, and has indirectly expanded to 20 African countries through investment in the Standard Bank of South Africa. This makes ICBC the Chinese bank with the widest overseas service coverage and notably enhances its cross-market and global service capacities.