On December 22, the sixth “Appraisal of Chinese Economic and Trade Enterprises’ Most Trustworthy Finance Provider” was held in Beijing. IB received “Best Foreign Currency Financial Bank” award for its excellent capacity of foreign currency financial service and leading market position.
It is reported that as one of the earlier stock-holding commercial banks that develop foreign currency business, IB has occupied first-mover advantages in foreign currency market and its market share and transaction scale maintain in the forefront after years of exploration. Up to now IB possesses a complete set of licenses of foreign currency products covering spot foreign exchange, forward foreign exchange, foreign exchange swap, currency swap and foreign exchange option. Its foreign exchange transaction business is one of the best in the market for many years.
In recent years, IB always adheres to customer-oriented principle, makes more innovations in foreign currency financial products and service, actively improve client transaction chains in both offshore and onshore markets, offers customized and exclusive foreign currency products based on clients’ needs, strive to go beyond the limit of single financial service, and incorporates a variety of cross-border trade financing products. The bank relies on cross-border settlement products of local and foreign currency and agency resources expansion, makes portfolio innovations with derivative transaction products and liable products, forms an all-round and whole-process product service system with functions of settlement, wealth management, financing and financial transaction, and provide professional, diversified and comprehensive foreign currency financial service plan for clients.
At present, IB has formed correspondent relationships with over 1,500 banks worldwide, covering over 100 countries and regions. It also set up branches in Hong Kong, Shanghai Free Trade Zone, Tianjin Free Trade Zone, Fujian free trade zone and Guangdong Free Trade Zone, and has achieved a global financing service system featuring domestic branch, overseas branch, agency, and branch in FTZ. IB can offer foreign currency financial services including settlement, financing and financial transaction, and covering 11 types of currencies such as RMB, USD, HKD, Euro, SGD, JPY, CHF and SEK.
By the end of November, IB’s amount of foreign currency derivative transactions has exceeded RMB 300 billion, cross-border trade financing has exceeded RMB 150 billion, and financing for overseas clients through institutions in Hong Kong and FTZ has exceeded RMB 58 billion.