ICBC seeking registration as a bank branch in New Zealand

Tue, 03 Apr 2018

By Rebecca Howard April 3 (BusinessDesk) - Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, is in the process of applying for a branch licence to operate in New Zealand, following in the footsteps of Bank of China and China Construction Bank. "Yes, we are in the process. We hope it can be registered in the second half of the year," ICBC New Zealand chief executive Karen Hou told BusinessDesk. ICBC's New Zealand subsidiary has been registered to operate in New Zealand since November 2013. "With the du...

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