Banking News

ICBC welcomed into NZ Bankers Association

ICBC welcomed into NZ Bankers Association

(13 January 2017 – New Zealand) Chinese-based Industrial and Commercial Bank of China (ICBC) has been accepted as the newest member of the New Zealand Bankers’ Association (NZBA).

The NZBA announced this week that the Industrial and Commercial Bank of China (New Zealand) Ltd has joined the association, bringing the total number of member banks to 16.

New Zealand Bankers’ Association chief executive Karen Scott-Howman said: “We are delighted to welcome ICBC to the Bankers’ Association. China is one of New Zealand’s top trading partners. Having Chinese banks here helps take that important relationship to another level.

“ICBC’s participation in the New Zealand banking industry further enhances competition and diversity in the sector”, added Scott-Howman.

Industrial and Commercial Bank of China (New Zealand) chief executive Qian Hou said: “ICBC’s aim is to strengthen trade opportunities between China and New Zealand, and also to contribute to the New Zealand economy by investing in infrastructure projects.”

ICBC was the first Chinese bank to gain a license to operate in New Zealand. The bank offers its clients comprehensive corporate and retail services with a focus on boosting the bilateral economic and trade relationship between New Zealand and China.

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