ICBC opens first African representative office

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.The article below is a guest contribution by Prof P.D.F. Strydom.When thinking about South Africa’s growth potential and the presently favoured policy approach, it may assist our understanding by not following conventional channels of systemisation.

Chinese bank ICBC, the world's largest by market value, opened its first branch in Spain on Monday as part of an expansion in Europe that has highlighted Beijing's growing global influence.The Industrial and Commercial Bank of China branch in Madrid's central Paseo de Recoletos will focus mainly on Chinese immigrants in Spain and firms doing business with the Asian country, the world's second largest economy.

The Industrial and Commercial Bank of China (ICBC) has celebrated the opening of ICBC (Peru) Company Limited branch in a ceremony held in Lima, the capital of the Republic of Peru. The opening of the branch also marks the establishment of the first Chinese commercial bank in Peru. ICBC Peru is the first wholly-owned branch [...]

China's biggest lender Industrial and Commercial Bank of China (ICBC) said here Saturday that its Middle Eastearn branch achieved in 2012 a pre-tax profit of $54 million, up 69 percent year on year, while its total assets increased 29 percent to $4 billion.

The Industrial and Commercial Bank of China (ICBC) has opened its first branch in Brazil. ICBC Brazil’s first branch is located in Sao Paulo, the country’s largest city, following the approval, gained late last year, from the Central Bank of … Read more »

The Industrial and Commercial Bank of China Limited (ICBC) has been granted a business licence by the Reserve Bank of India. This licence follows regulatory approval from the China Banking Regulatory Commission for the bank to open a branch in Mumbai. India is a strategically important country, with the largest population in South Asia and [...]

Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.By Cees Bruggemans, Chief Economist of FNB.For the past ninety years for which modern data sets are available, South Africa’s GDP has grown by an average of 3.5% annually through many business cycle ups and downs.Some decades faster, some decades slower, over- and undershooting this average, but always reverting back to this mean.