ICBC Dubai (DIFC) Branch: Most Innovative International Bank EMEA 2019

For over a decade, the Industrial and Commercial Bank of China (ICBC) has been contributing to the development of the Middle East from its branch in the Dubai International Financial Centre (DIFC). As a part of the ICBC family, the Dubai (DIFC) Branch benefits from a network covering 48 countries and a customer base including 7 million global corporates and 600 million individual clients. ICBC Dubai (DIFC) Branch has made headway on the “Belt and Road Initiative” by fortifying trade exchanges between China and the Middle East. The bank has funded flagship projects, like the world’s largest solar thermal power plant and the first Middle Eastern clean-coal power plant. It mobilises resources and coordinates between project investors and operators in the search for innovative financing solutions. The bank has customised products to meet the targeted financing needs for big-name clients, like the Emirates National Oil Company. ICBC Dubai (DIFC) Branch investigates — and invests in — fintech advances for the most efficient future. Its inhouse platform manages global financial market operations according to a parametric, modular configuration that enables direct connectivity between middle and back-office applications. Innovation is at the heart of ICBC Dubai (DIFC) Branch, and employees are encouraged to stoke their imagination — and fuel the future development of the institution — in annual branch-wide innovation contests. The CFI.co judging panel has recognised the bank in previous programmes and is pleased to present ICBC Dubai (DIFC) Branch with the 2019 award for Most Innovative International Bank (EMEA).