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Milestones
 

1993 ICBC Singapore Branch was established and was awarded Offshore Banking License
2003 Awarded Wholesale Banking License
2003 The first overseas institution of ICBC to provide RMB Fixed-rate Remittance
2009 The first Chinese bank to join the Singapore government’s International Enterprise Singapore Financing Scheme
2011 Launched RMB Business Centre and the first RMB/SGD Dual Currency Credit Card
2012 Awarded Qualified Full Bank (QFB) license
2013 Appointed by the People’s Bank of China (PBoC) as the first overseas RMB Clearing Bank outside Greater China
2014 The accumulated RMB clearing volume exceeded RMB 40 trillion
2015 The only bank being awarded Top Ten Chinese Enterprises Entering ASEAN 2014 by China-ASEAN Business Council (CABC) and ASEAN Committee Beijing
2015 Launched the first USD/SGD Dual Currency Credit Card
As the first RMB clearing bank outside Greater China and the sole RMB clearing bank in Singapore, ICBC Singapore Branch has been focusing on expanding the RMB business and developing RMB products, and has forged strategic cooperation with many leading multinational companies, Chinese companies, Singapore large corporations and SMEs, enabling them to expand and deepen their trade and investment in and out of China. ICBC Singapore Branch has already been established as The Preferred RMB Bank in Singapore.


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