ICBC Doha branch will provide a comprehensive range of financial services, including deposit taking, providing credit facilities, dealing in investments, managing investments, advising on investments,arranging deals in investments, arranging the provision of custody services, etc..
On 21 October 2008 ICBC held a grand opening ceremony in Doha. Jiang Jianqing, chairman of ICBC, said at the opening ceremony of Doha branch that the branch will join hands with ICBC (Middle East) which opened one day before, make full use of their respective advantages of geographical location, scope of business and clients, and provide clients with long-term, high-quality financial services, in an effort to jointly promote the ICBC’s development in the Middle East, and to enhance its regional and global competitiveness.
ICBS will contribute much to the market of Qatar. Being one of the largest Chinas banks ICBC has a solid client base, flexible IT platform, and diversified products. By the end of June 2008, ICBC has extended business institutions to 15 countries and regions, with a total of 126 branches and subsidiary banks, and established correspondent bank relationship with 1360 banks in 122 countries and regions.
In the first half 2008, ICBC realised after-tax profits of $9.5 billion.
L.D.