ICBC Luxembourg S.A ("Luxembourg Branch"), established in 1999 is the second subsidiary of ICBC in Europe. Luxembourg Branch moves ahead progressively and sustains steady growth. The internal management continues to improve. Luxembourg Branch makes numerous milestones in business performance.
(I) Deposit Services
Two types of deposits offered: current deposit and fixed deposit, in Euro or US dollar. Deposit period for fixed deposit can be one month, three months, six months, one year and two years.
(II) Remittance Services
1. RMB remittance settled in advance
Remittance sent from Luxembourg Branch in Euro or US dollar is received by the beneficiary in China in RMB. Luxembourg Branch converts the foreign currency into RMB at the rate quoted on the remittance day. You know the exchange rate for RMB and receiving amount when sending the remittance so there is no need to worry about the change in exchange rate.
2. FX remittance in original currency
Fast services available for you to send or receive remittance in different currencies.
(III) Currency Exchange
Luxembourg Branch offers currency exchange services in Euro, US dollar.
(IV) Safety Box service
You can apply for a security box to keep marketable securities, accounting vouchers, confidential documents and valuables. Items are kept safely in the safety boxes.
(V) Loan pledged under deposit
Fixed deposit in Luxembourg Branch can be used as pledge for Euro/USD loans.
(VI) Guarantee backed by deposit
Fixed deposit in Luxembourg Branch can be used as pledge for opening bank guarantee.
(VII) Creditability Letter
Luxembourg Branch issues creditability letter at the request of the customers to prove the amount of your financial assets in Luxembourg Branch and banking transactions with Luxembourg Branch.
(VIII) Wealth Management Services
FX trading (margin), opening account for trading Hong Kong stocks are some wealth management services offered by Luxembourg Branch.
Industrial and Commercial Bank of China Luxembourg Branch
32, Boulevard Royal, L-2449 Luxembourg
P.O.Box 278 L-2012 Luxembourg