Industrial and Commercial Bank of China (ICBC)

Banking
SHA: 601398
China

Subsidiary of Central Hujin Investment.

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Officials from the Industrial and Commercial Bank of China, the world’s largest bank by total assets and market capitalization, has held talks with the Central Bank of Iran in recent weeks to discuss the procedure of starting operations in Iran, a CBI official said on Friday. “ICBC is earnestly pursuing plans to enter Iran…We are waiting for the Chinese bank to submit the documents…even the location for the bank's presence has been decided ,” Hussein Yaqoubi, CBI deputy for international affairs was quoted as saying by  IBENA, a news website close to the bank. “The Chinese bank’s presence in Iran will be a major step in reviving [Iran's] banking creditably at the international level,” he said. (Financial Tribune,  "Banking Giant ICBC Seeking Iran Access," 12/3/2016