trending Market Intelligence /marketintelligence/en/news-insights/trending/7hctc2a_5dnf_iovm_aomg2 content esgSubNav
In This List

ICBC gets regulatory approval to set up Austria unit

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


ICBC gets regulatory approval to set up Austria unit

Industrial & Commercial Bank of China Ltd. has obtained approval from the European Central Bank to set up a subsidiary in Austria.

ICBC, China's largest bank by assets, said it has already received approval from China's banking regulators to establish ICBC Austria Bank GmbH.

The bank said the move will improve its ability to provide cross-border financial services in Europe and expand its network layout in the countries along the Belt and Road trade routes.