ICBC Singapore Branch, the first overseas institution of ICBC, was established in 1993. Over years of arduous endeavor, ICBC Singapore Branch has become one of the leading commercial banks in Singapore, offering a full range of financial products and services covering retail banking, private banking, corporate banking and institutional banking.
THE FIRST RMB CLEARING BANK OUTSIDE GREATER CHINA THE SOLE RMB CLEARING BANK IN SINGAPORE
In 2013, ICBC Singapore Branch was appointed by The People’s Bank of China as the first RMB Clearing Bank outside Great China and the sole RMB Clearing Bank in Singapore.
THE PERFERRED RMB BANK IN SINGAPORE
As the sole RMB Clearing Bank in Singapore, ICBC Singapore Branch is able to deliver comprehensive and superior RMB cross-border products and services to all our valued customers. We have established the Private Banking Hub, Commerce & Structured Trade Finance Hub, Cash Management Hub and Financial Institutions Center to promote RMB related products covering areas such as RMB deposit & loan, RMB cross-border trade settlement, capital settlement, trade financing, global cash management, asset management, RMB bond issuance and special customer-tailored RMB services. We are the first Chinese bank to set up a Debt Capital Markets team in Singapore. Leveraging on ICBC being the world’s largest RMB bank and its strong funding capability, advanced technological platform and global institutional network, ICBC Singapore Branch has already been established as The Preferred RMB Bank in Singapore.
A BRIDGE IN AND OUT OF CHINA
Over the years, with in-depth understanding of Chinese policies and China market, we have forged strategic cooperation with many leading multinational companies, Chinese companies, Singapore large corporations and SMEs, enabling them to expand and deepen their trade and investment in and out of China.