From Stratrisks
''By virtually any benchmark you choose – market capitalisation, profits, assets and deposits – Industrial and Commercial Bank of China (ICBC) is the largest bank in the world. Tian Zhiping is the chief executive of its Middle East regional division. Here, he talks about the bank’s ambitions in the region, the prospects for the Chinese economy and what his compatriots think about bankers.
How did ICBC come to set up a subsidiary in Dubai?
We’ve been here five years now. We were the first Chinese bank to set up in the region and we did a lot of research and evaluation before we took the decision. The important thing about the UAE was its stability and safety. We found that it is one of the safest places in the world and that’s one of the reasons we’re here.''
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