ICBC Argentina

ICBC Argentina is an Argentine banking entity owned by ICBC. It is the Argentine subsidiary of the Chinese bank Industrial and Commercial Bank of China, founded in 2013 after the purchase of Standard Bank Argentina.

ICBC Argentina

Native name	Industrial and Commercial Bank of China
Founded	2013 (2013)
Headquarters	Florida 99, Buenos Aires , Argentina
Number of locations	Domestic: 624 branches Overseas: 15 branches
Area served	Argentina
Key people	Zhang Junguo, (President) Alejandro Ledesma Padilla, (General manager)
Services	Retail Banking Business finance Trade finance Factoring Mutual funds Pension funds Insurance Mortgage loans Consumer Finance Credit cards
Revenue	US$ 5.1 billion (2010–2011)
Net income	US$ 1.1 billion (2010–2011)
Total assets	US$ 36.7 billion (2011)
Number of employees	16,519 (2011)
Parent	ICBC Limited
Website	www.icbc.com.ar
Footnotes / references

Background

In 2006, Standard Bank purchased the BankBoston Argentina unit, expanding its operations to this country. In 2012, ICBC acquired 80% of its shares. The rebranding occurred in April 2013.

With an extensive network of more than 103 branches spread across 17 provinces and a team of 3,243 employees, ICBC stands out as a solid financial institution in the country. Its asset base exceeds 21.1 billion pesos (ARS), backed by deposits exceeding 15.2 billion pesos. This consolidates its position among the main private banks in Argentina, ranking among the eight most prominent in terms of assets and deposits.