Yesterday, ICBC said, January 17, local time, ICBC in Luxembourg announced that the bank in Paris, France, Brussels, Amsterdam, Italy, Milan and Madrid, Spain five branches from the immediate opening. At the same time, ICBC has officially renamed Industrial and Commercial Bank of China Luxembourg Limited, a wholly-owned subsidiary in Luxembourg, to ICBC (Europe) Limited (hereinafter "ICBC Europe"). At this point, ICBC in Europe, Germany, Luxembourg, Britain, Russia, France, the Netherlands, Belgium, Italy, Spain, 9 countries have a business organization. By the end of November 2010, the total assets of ICBC's foreign institutions amounted to USD more than 70 billion, which grew by more than 45% at the beginning of the year; If the investment income of Standard Bank of South Africa is counted, the profit of ICBC from overseas institutions is expected to reach about 1 billion US dollars in 2010, while the non-performing asset rate will remain
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