ICBC Dubai (DIFC) Branch: Best Debt Market Solutions GCC 2021

Industrial and Commercial Bank of China Limited (ICBC), a top-ranking global bank founded in 1984, has been strengthening ties with the Middle East over the past 14 years. The bank serves client needs through a comprehensive network of domestic and international branches, including five in the Middle East, the star of which is located in the Dubai International Financial Centre (DIFC). The economic free zone connects corporate and finance clients from around the world in a business-friendly tax environment. ICBC Dubai (DIFC) Branch is proud to play a part in the development and growth of the region’s debt market. The bank first began to participate in the GCC bond market in 2014, launching a $3bn CD programme which was then increased to $6bn in 2018 and $8bn in 2020. ICBC Dubai (DIFC) Branch ranks as one of the largest investors, settlers and market makers in the GCC and China Inter-bank Bond Market. It has upped CIBM investments by more than 100 percent over the past four years and been recognised in consecutive awards programmes as an outstanding overseas institution for money markets and foreign exchange trade. The branch has achieved tremendous growth since its inception, due in part to the team’s expertise in bond investments. In 2021, its GCC bond investments increased by 20 percent over the previous year. The CFI.co jury presents repeat winner ICBC Dubai (DIFC) Branch with the 2021 award for Best Debt Market Solutions (GCC).