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INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED

The Industrial and Commercial Bank of China (ICBC; Chinese: 中国工商银行) is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is the largest of the "big four" banks in China, and the largest bank in the world by total assets.[8] ICBC was created on 1 January 1984 from what were then the commercial banking operations of the People's Bank of China. ICBC is majority-owned by the Chinese government and has remained so after its landmark initial public offering in 2006. As end of 2021, ICBC shareholders included Central Huijin Investment (34.7 percent), the Chinese Ministry of Finance (31.1 percent), the National Council for Social Security Fund (3.5 percent), adding up to 69.3 percent under the ultimate control of the Ministry of Finance.

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INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED SWIFT Code

ID
Country
City
Bank or Institution
SWIFT Code
1
Panama
PANAMA
/
ICBKPAPA
  • Total: 1
  • 1

About INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED

  • Company type
    Public State-owned
  • Industry
    Financial services
  • Founded
    1984 ; 41 years ago ( 1984 )
  • Headquarters
    Beijing , China
  • Key people
    Liao Lin, chairman and president
  • Products
    Consumer banking corporate banking investment banking insurance private banking private equity mortgage loans credit cards investment management wealth management asset management mutual funds exchange-traded funds index funds
  • Revenue
    CN¥ 725.12 billion $105.4 billion (2018) [ 2 ] [ 3 ]
  • Number of employees
    434,798 (2022) [ 7 ]
  • Website
    icbc.com.cn icbc-ltd.com/en icbc-us.com

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What is a SWIFT code?

A SWIFT code is an 8 or 11 character code used in banking to facilitate transactions and identify the bank.
What is the purpose of a SWIFT code in international transactions?

What is the purpose of a SWIFT code in international transactions?

SWIFT codes are used to route international financial transactions to the correct bank and branch. It facilitates the smooth and accurate transfer of funds between different banks and countries, ensuring that the transactions are processed correctly and securely.

How do I find my bank's SWIFT code?

You can find your bank's SWIFT/BIC code in the statements of your bank account. You can also use our SWIFT/BIC finder to get the right code for your transfer.
How do I find my bank's SWIFT code?

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Frequently Asked Questions

1. Why does INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED have different SWIFT Codes?

INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, you can log on to the official website of INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, or search the current page of XTransfer, or call INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED?

Usually, SWIFT Code consists of 8 or 11 characters. For INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, the first 4 digits represent the bank code, which is the same for INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED be updated or changed?

Yes. When INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED is located, its SWIFT Code may be updated and changed. INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED supports the corresponding business.