Industrial and Commercial Bank of China (EUROPE) SA (Belgium)

Address

Louizalaan, 81, 1050, Brussel, Belgium

BIC

ICBKBEBB

Overview

Business Focus

corporate banking

Founded in 1946, Industrial and Commercial Bank of China (ICBC) is one of the largest Chinese banking groups, conducting business activities as a universal bank. On its domestic market ICBC provides retail, private, corporate and investment banking products and services. In Europe ICBC is focused on providing corporate and investment banking products and services.

Industrial and Commercial Bank of China (EUROPE) SA operates as a branch of Industrial and Commercial Bank of China (Europe) S.A. (Luxembourg).

Performance

In 2023, Industrial and Commercial Bank of China (EUROPE) SA achieved the position of 41st largest bank in Belgium with a market share of 0.05%; its total assets dropped by 19.32%.

Additionally, the bank became the 52nd bank in relation to its loans-to-deposits (L/D) showcasing 91.81% L/D ratio in 2023.

Deposit Protection

Deposits up to 100,000 EUR are covered by Luxembourg deposit guarantee scheme in Industrial and Commercial Bank of China (EUROPE) SA.

Market Share (#41 in Belgium)

Market Share of Industrial and Commercial Bank of China (EUROPE) SA

Ratios

L/D

91.81%

Services

corporate banking

investment banking

financial markets

RMB clearing

RMB foreign exchange

trade finance

international settlements

Products

RMB deposits

syndicated loans

overseas loans

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

SEPA Direct Debits B2B

Financials

Total Assets of Industrial and Commercial Bank of China (EUROPE) SA

Total Assets (2023)

650.88 mln EUR (-19.32%)

Industrial and Commercial Bank of China (EUROPE) SA ranks as the 41st largest bank in Belgium by total assets. In 2023 its total assets were 650.88 mln EUR, representing a 0.05% market share.

Deposit Guarantee

Protected Amount

up to 100,000 EUR

Guarantee Fund

Fonds de garantie des dépôts Luxembourg (FGDL)

Covered Accounts

all cash deposits

Eligible Depositors

natural persons (Luxembourg and foreign)
SMEs, companies

Industrial and Commercial Bank of China (EUROPE) SA protects deposits up to up to 100,000 EUR per depositor through Luxembourg's deposit guarantee scheme. The scheme applies to all cash deposits made by natural persons (Luxembourg and foreign), SMEs, companies. The bank participates in the Fonds de garantie des dépôts Luxembourg (FGDL), making regular contributions into it.