Banking

China's ICBC to add branches in Europe

(Agencies)
Updated: 2011-01-17 10:55

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NEW YORK - Industrial and Commercial Bank of China (ICBC) will more than double the number of branches in Europe in coming weeks to expand its global footprint, the Wall Street Journal reported in its online edition on Sunday.

ICBC will open branches in Paris, Brussels, Amsterdam and Milan this week, and Madrid the week after, to offer retail and commercial banking services, the Journal said.

The bank, China's largest lender, currently has branches in London, Moscow, Luxembourg and Frankfurt.

The bank could not immediately be reached for a comment.