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.
ICBC Standard Bank Plc is the 35th largest bank in the United Kingdom in terms of total assets. In 2019 its total assets were 24 425,50 mln USD, providing the bank with the market share of 0.20%. In 2019 the bank's annual profit was -248,20 mln USD.
ICBC Standard Bank Plc is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). Long-term credit rating assigned to the bank by Moody's is Baa3 (lower medium grade).
ICBC Standard Bank Plc participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. ICBC Standard Bank Plc is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.
ICBC Standard Bank Plc is headquartered in London.
ICBC Standard Bank Plc is authorized and supervised by the Financial Conduct Authority (reference number 124823).