Icbc Peru Bank (Peru)

ICBC Peru Bank, located in Lima, was established on November 9, 2011, after obtaining the organization license from the Superintendence of Banking, Insurance, and Private Pension Fund Administrators (SBS). It is the first subsidiary of the ICBC Group in Peru and the first Chinese capital bank to enter the Peruvian financial system. ICBC Peru Bank is authorized by the SBS to engage in all permitted banking activities in the local regulation, providing multiple financial services to its customers in Peru. ICBC Peru Bank is a subsidiary of Industrial and Commercial Bank of China Ltd. (ICBC Ltd.), which is the largest commercial bank in China and one of the largest commercial banks in the world. Leveraging its market position, extensive customer base, diversified activities, innovative capabilities, and strong brand value, ICBC Peru Bank aims to take advantage of the growing economic and trade relations between China and Peru, driven by the Free Trade Agreement between the two nations. The increasing ties between the two countries present an excellent opportunity to offer comprehensive financial services to local Chinese-owned companies and Peruvian businesses, promoting economic and financial integration between China and Peru, as well as between Asia and Latin America.