Recently, ICBC was named by The Asset (HK) at "The Asset Triple A Awards - Transaction Banking 2010" as the "Best Cash Management Bank", "Best Domestic Custodian of China", "Rising Star Trade Finance Bank of China" and snapped the most prestigious country award (China)-"Best Deal in China" for the fourth year in a row.
The Asset is a leading financial magazine in Asia. Its annual "Triple A Transaction Banking Awards" are presented to financial institutions in recognition of their excellent performance in the cash management, asset custody and trade finance. Besides all the category awards like Best Cash Management Bank, Best Asset Custodian Bank and Best Trade Finance Bank, "Best Deal" is conferred to the bank with the outstanding performances in the above areas.
As the biggest commercial bank in China in terms of asset scale, ICBC continues to move up the innovation ladder, expand service ranges and increase service capability, while sharpening the edge in competing against the peers in many areas such as cash management, asset custody and trade finance. ICBC launched the global cash management service last year with an aim to upgrade the service through the presence of a global marketing and service network for the business.
Now, when it comes to cash management, ICBC is the preferred partner in the country because of its rich offering and increasing brand influence. As the business moves ahead, more assets are under ICBC custody, more comprehensive product schemes are set up. ICBC has been at the forefront of the development of new products.
ICBC's value-added services as performance appraisal, risk management pioneered in China are examples of personalized custodian services. The result not only causes a phenomenal growth in the customers, but ICBC sits on top of the league table for 11 consecutive years in terms of the scale of assets under ICBC custody.
Meanwhile, ICBC gathers speed in the innovation of trade finance products and launches a host of new services such as order financing or advance payment financing. Besides, ICBC offers services to large corporate groups in the centralized processing of international settlement and trade finance. ICBC domestic and overseas branches are working together to offer convenient, highly efficient trade finance services to all the customers.
