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ICBC's E-banking Exceeds 4 Trillion Yuan
The Industrial and Commercial Bank of China (ICBC) announced on Thursday that by the end of July, its e-banking trade had reached 4.6 trillion yuan (about US$551.6 billion), surpassing its total trade for the whole of 2001.

An ICBC spokesman said its Internet banking achieved a turnover of 2.34 trillion yuan (about US$283.43 billion), or 3.7 times the total amount in 2001, maintaining its leading position in China's banking industry.

By the end of July, the bank's corporate and institutional Internet banking clients had increased by 11,000, 1.6 times the figure for 2001. Individual Internet banking clients increased by 1.132 million, or 2.5 times that in 2001, he said.

Xinhua News Agency August 16, 2002)

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