Industrial and Commercial Bank of China (Europe) S.A. (the “ICBC (Europe) S.A.”, previously ICBC Luxembourg S.A.) was officially established on 5th September 2006. ICBC (Europe) S.A. and Industrial and Commercial of China Ltd., Luxembourg Branch, which was established in 1999, are ICBC Group entities operating in Luxembourg. They constitute an operating and management platform of ICBC Group in European continent by taking full advantages of their respective banking licenses.
ICBC (Europe) S.A. has built a network covering 12 European major cities, including Paris, Amsterdam, Brussels, Milan, Madrid, Warsaw and Athens. Since the beginning of its operation, ICBC (Europe) S.A. insists in propelling ICBC Group strategy and commits to serve the financial demands of both Chinese and European clients, gradually exploring a way suiting its characteristics and sustainable business model. In 2014, ICBC (Europe) S.A. was awarded The Best Bank of Luxembourg by Euromoney.
ICBC (Europe) S,A. owns full banking license covering a variety of banking products, including deposit, remittance, loan, trade finance, international settlement, client-based risk management, banking book funding and investment, cross-border RMB, currency exchange, fund clearing, cash management, investment banking, and asset management among others. Meanwhile, with highly qualified management and experienced staff, ICBC (Europe) S.A. is able to serve clients with high-quality financial services. Relying on ICBC Group advantages and regional resources, ICBC (Europe) S.A. actively provides comprehensive financial support to China-EU bilateral trading and investment enterprises. ICBC (Europe) S.A. has become a flagship of ICBC Group in European continent and one of the major Chinese banks in local market. At the meantime, ICBC (Europe) S.A. strives for organic balance between economic and social benefits that it devotes to social responsibilities in terms of local economy, society, culture, philanthropy activities and anti-pandemic, being a part of local community and establishing an image of a responsible bank.