LAHORE: Industrial and Commercial Bank of China (ICBC), the world’s largest bank, is set to open its branches in Punjab, beginning from Lahore.
According to an MoU signed between the Punjab government and ICBC administration on Sunday, the bank will not only bring Chinese investment to the province, but also manage financial investment from other countries where it has strong presence.
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“The bank will provide financial advisory, as well as technical cooperation to the government in automobile, agriculture and several other sectors,” a senior of the provincial government told The Express Tribune. “It has assets above $3.062 trillion.”
Chief Minister Punjab Shahbaz Sharif was present at the MoU signing ceremony.
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