Industrial and Commercial Bank

The Industrial and Commercial Bank of China (ICBC) has provided a $3.6 billion loan package to the Turkish energy and transportation sector, Treasury and Finance Minister Berat Albayrak said on July 26.

Turkey has mandated the Bank of China, HSBC and the Industrial and Commercial Bank of China Limited (ICBC) to explore bond issuance opportunities in China’s Panda bond market, the Turkish Treasury stated on Feb. 21.

Representatives of SINO - CEEF capital, part of the world's largest bank, the Chinese ICBC, will be visiting Bulgaria to explore projects with investment potential. This is reported by the press center of the Ministry of Economy.

The Turkish unit of Chinese lender ICBC completed a 450 million Turkish Lira ($132.55 million) swap transaction at the end of November, banking sources said on Dec. 8, marking the first such deal under an agreement between the two countries.

State-owned Bulgarian Development Bank (BDB) and the Industrial and Commercial Bank of China (ICBC) have signed a memorandum of understanding that aims to encourage future cooperation in cross-border funding, bilateral loans, investments and trade, the BDB said on Wednesday.

The Industrial and Commercial Bank of China (ICBC) is likely to become the single company to make a binding offer th the Bulgarian Energy Holding (BEH) as the energy structure is looking for a loan of EUR 650 M to pay off debts.

Bank of China will seek approval to expand its operations in Turkey, highlighting efforts by the two countries to boost business ties, according to sources familiar with negotiations.

Former Energy Minister Hilmi Güler said it was through head hunters that he became a board member of Turkey's Tekstilbank, a majority stake of which was acquired by China's Industrial and Commercial Bank of China (ICBC). 

The Industrial and Commercial Bank of China Limited (ICBC), the world?s largest bank, has completed a takeover of some 75.5 percent of the stakes in Turkey?s Tekstilbank.