ICICI Bank Ltd, India's largest private sector bank, has announced the launch of its second branch and first high street branch in Hong Kong.
Located at Shop 102-103, Level 1, Chuang’s Tower, 30-32 Connaught Road, Central - the heart of the financial centre in Hong Kong, the new retail branch will supplement the bank's seven-year-old presence here.
The new branch is located and it will provide Hong Kong residents and non-resident Indians (NRIs) comprehensive access to the bank through products and services like term deposits, current accounts, remittance services and NRI services.
“ICICI Bank's Hong Kong branches aim to provide value to our clients by providing best-in-class financial solutions to them. In addition, they will act as gateways for companies in this region wanting to do business in India and Indian companies wanting to expand abroad.
This new branch will enable us to play a role in the rapidly evolving economic landscape in the region,” said Vijay Chandok, President – International Banking for ICICI Bank Ltd.
In Hong Kong, ICICI Bank was granted a Banking License on October 10, 2005 by the Hong Kong Monetary Authority. The bank commenced business on November 14, 2005. In July 2012, the Hong Kong Monetary Authority approved the commencement of a second branch.