ICBC to open two branches in Pakistan

By
Staff
-
32
234

ISLAMABAD – One of China’s largest banks, the Industrial and Commercial Bank of China (ICBC), will soon open two branches, one in the country’s industrial hub and port city of Karachi and the other in the federal capital to further boost the bilateral trade between the two neighbouring countries.
This information was shared by the Chinese Ambassador Liu Jian with the Finance Minister Dr Abdul Hafeez Shaikh at a specially convened meeting to review the progress on the implementation of projects in which China had pledged technical and financial assistance to Pakistan.
Chairing the meeting, the finance minister said that lack of action on the part of any ministry would be avoided in the implementation of the decisions agreed upon between the two countries during the last visit of Chinese Premier to Pakistan.
The meeting deliberated upon the progress in the implementation of the agriculture related component under the economic and technical cooperation and reviewed the progress in the finance and banking sector.
The opening of the National Bank of Pakistan’s branch in China under the prevalent procedure in the Chinese banking laws was also discussed. Under the bilateral trade agreement, China is to send more trade missions to Pakistan and Pakistani traders would be given access and a free allotment in trade exhibitions in the cities of Kashghar, Urmuqi, Kensing and Chengdu. The minister asked the concerned officials to give a comprehensive report on the development in this regard.
Pakistan’s market access will be improved by considering grant of unilateral tariff concession to 228 Pakistani products, launch of second phase of the Pak-China Free Trade Agreement, in the first quarter of 2011, the establishment of Pakistan China Entrepreneurs Forum, and exploring possibility of establishing trans-border economic zones were also discussed. During the last visit of Chinese Premier, opening of new air routes between the two countries were also agreed. The meeting also deliberated upon airports also.
The meeting was informed that in the post flood reconstruction programme, the Chinese government had pledged support in the reconstruction of a number of projects which included the grant for highways and agriculture, transport, energy and communication, establishment of China-Pakistan Agricultural Technology Zones, upgradation of Karakorum highway and realignment of Attabad lake, disaster preparedness and response system and environment and ecosystem.
The meeting also deliberated upon the progress in the operationalization and implementation of the agriculture related component under the economic and technical cooperation and reviewed the progress in the finance and banking sector. The opening of the National Bank of Pakistan’s branch in China under the prevalent procedure in the Chinese banking laws was also discussed.
Both the sides expressed satisfaction of the pace of progress in the aforementioned projects and hoped that if there is any hindrance in any quarter, it shall be overcome through collaboration and coordination with the line ministries and corresponding agencies. ICBC is the world’s largest bank by market value, reported Wednesday its net profit grew 28 percent in 2010.
ICBC said in a statement to the Hong Kong stock exchange that the bank’s profit for the 12 months to December 31 increased to 166 billion yuan ($25 billion), from 129 billion yuan a year earlier. “In 2010, ICBC continued adopting its prudent business philosophy and further overcame the influences of the global financial crisis,” it said, noting that its performance was helped by China’s fast economic growth.
ICBC said the amount of renminbi-denominated loans provided by its domestic branches increased by 898.1 billion yuan during the period, which represented a 16.9 percent increase.

RELATED ARTICLESMORE FROM AUTHOR

32 COMMENTS

  2. I am very happy to see that china introduce Bank in Pakistan
    I would like to become a part of ICBC

  3. It is good to know want to be part of ICBC. I am having 7 years of banking experience.

  4. Its nice to be hear and find it on net that Two branches will be open in Our country i want to be part of said bank .i have posted my CV TOO (having 11 year banking experiencein Foreign trade deptt.

  5. Asim, having 18 years experience in Multinational bank i operations in Karachi,Willing to be the part of your organzation.

    You mat contact my mobile 0300-2516373 or send an email to [email protected]

  6. i m yousaf shah,,MBA (finance) have three year experience i want to join ICBC .. my contact is 03449293833

  7. Dear sir i am M.mushtaq.i want to talk with you to get some information…………my cell no is +923005173318

  8. what is this yaar … is there any one who discuss the impact of such large bank opening its branches in pakistan …. apart from creating employment what other advantages and disadvantages it brings with it self …. in pakistan it seems the banking sector is going down the drain with amount of bankers looking for a job !

  9. Welcome to Pakitan, I have 22 years experience in national and multinational banks in Administration/protocol experience. I m Airport entry card holder. I willing to work in China Commercial Bank. [email protected]

  10. its very nice to open two new branches of ICBC in Pakistan.
    Once again China is going to show strong relationship with Pakistan.It will be honour for me if I will becom the part of this bank.

  12. Imran Ahmed
    House # L-703, Sector 5-A-1
    North Karachi
    Karachi – Pakistan.
    Mob: 0333-3194382
    E-mail: [email protected]

    Father’s Name Iftikhar Ahmad Khan (Late)
    Date of Birth March 15th, 1978
    Nationality Pakistani
    Marital Status Married
    NIC # 42101-4692271-5

    Career Objective:
    Challenging opportunities in a dynamic organization that can use my developed skills & skills developed on job training & allow the professional growth with an opportunity to excel.

    Personal Profile:
    Responsible, reliable, social, enjoy working as a team member, team leader or individual, energetic, hardworking & capable of applying strategic & innovative management.

    Professional Experience:
    1-Presently working in Meezan Bank Limited from September 2007 as ‘Senior Business development Officer’ in Islamic Housing Finance.

    Job Responsibilities:
    Managing Team of Relationship Officers.
    Responsible for assigning targets to Relationship Officers.
    Exploring new business prospects.
    Achieving monthly sales targets.
    Dealing with corporate and individual clients for housing finance.

    2- Worked with United Bank Limited from July 2006 to August 2007 as ‘Relationship Officer’ in Conventional Mortgages.

    Job Responsibilities:
    Responsible for identifying new market and developing relationship with new clients for Home Loan department.
    Maintaining relationship with existing clients to ensure client satisfaction.
    Responsible for achieving monthly sales target.
    Ensuring due diligence of the client prior to process the case.
    Assessment of property and property documents.

    3- Worked with Crescent Leasing Corporation Limited from 1st September 2003 to 15th September 2006 in the capacity of ‘Direct Sales Representative’ in the ‘Consumer Finance and SME’ department.

    Job Responsibilities:
    Responsible for marketing, strengthening relationship with clients, promoting existing and new business.
    The assignment includes credit analysis, evaluation of client risk, documentation and meeting the requirements of credit policy for the approval of leases.
    All credit appraisal reports/lease proposal evaluation reports are prepared independently for submission to credit committee for approval.
    Back up for lease documentation, credit administration and recovery.
    Providing support & training for team members.

    Professional Qualification:

    Academic Qualification:
    •B.Com. with Second Division from Punjab University in 1997.
    •Intermediate with Second Division from Board of Intermediate Karachi in 1994.
    •Matriculation with First Division from Karachi Board in 1992.

    Computer Skills:

    •Windows NT 4.0
    •Windows 95/98/2000/XP
    •MS Office & Star Office
    •Fox Pro
    •Internet & E-mail

    Interest and Activities:
    Enjoy playing Cricket, listening music, surfing internet etc.

    References:
    Will be furnished on request.

  16. My name is Altaf Ahmed having 3 years hand on experience of working in the multinatinal bank in the branch banking retail operations.i offer my valueable services for ICBC. My qualification is MBIT (Mkt), you can contact me at 0333-4416091.

  18. I Muhammad Wakil Khan, recently retired from UNITED BANK LIMITED, having 40 years of retail banking experience and was working as Branch Manager Retail Banking, and also I have vast knowledge of operation, Trade,and assets, and other general banking. I am a sceince graduate from the University of DHAKA, Bangladesh.I offer my self to join ICBC, Karachi, Pakistan.

  19. I am Mr Peter Willkins, financial controller to ( Burea De Engraving Company ) that cleans all sort of deface currency "MONEY" and owner of the following companies:Chairman CEO: Deface Currency "MONEY" Cleaner (A well reputable financial institution with its branches all over the world)

    This is to bring to your notice" Rich men`s Are receiving cash currency by coating thier currency "MONEY" in difference courlors. therefor incase you have such deface currency "MONEY" such as:- USD / EUR/ GBP/ INR/ AUD/ CAD/ ZAR/
    NZD / JPY "etc" for currency cleaning job mail us At : [email protected]

    We are committed to help you

  20. I am very happy to see that china introduce Bank in Pakistan
    I would like to become a part of ICBC.

    as i have 7 years general banking officer , have done MBA . extremely waiting for positive response.

    my contact detail:

    JAI PERKASH
    CELL#: 0345-2115303 & 0300-2385534
    eMAIL- [email protected]

  21. I am very happy to see that china introduce Bank in Pakistan
    I would like to become a part of ICBC.
    sam

  22. I want to give my 20 years Banking Experience to ICBC because I love China and Pakistan Friendship

  24. It is good to know want to be part of ICBC. I am having 7 years of banking experience.

  25. This is good sign of Pak-China friendship that China is interested to invest in Pakistan banking industry.I have banking experience in reputed banks of Pakistan.I am interested to join ICBC and it will be my pleasure if ICBC consider my request.

  28. I am very happy to see that china introduce Bank in Pakistan I would like to become a part of ICBC.

    I worked with INTERNATIONAL HOUSING FINANCE LIMITED [IHFL –
    Subsidiary of World Bank, IFC, CDC, PICIC & AGHA KHAN Fund for Economic Development
    August 1990 – November 2007, after that IHFL Merged with & into KASB BANK Ltd.

    at this stage I am working in CAD Principle Offiice Karachi Contact # 0300-2470612,

  29. Dear Concerns,

    i am having 09 years working experience in banking, currently i am holding the position of "Branch Oprations Manager"
    and heartly interested and eager to enhance my skills and experience while working with you, it will be privileged for me
    to receive a response your side.

    Thanks & Regards
    Adeem Imam
    Cell No.0345-3212372

  30. I really proud of our country relation with china and i am really glad to see china bank in our country Pakistan.I have 7 years of Experience in I.T Flied i also send my resume to your link.
    For further Details to contact me
    [email protected]

  31. please anybody can told me that IcBc bank branch in islamabad have open presently???

Comments are closed.