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ICBC online banking transactions hit 2.7 trillion yuan
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Personal online banking transactions of the Industrial and Commercial Bank of China (ICBC) totaled 2.7 trillion yuan in the first nine months this year, up 230 percent over the same period in 2006, said the bank here Thursday.

 

By the end of September, personal online banking clients of the ICBC had surpassed 36 million while e-banking, which also includes mobile phone banking and telephone banking, has accounted for 35.1percent of its total business volume, it said.

 

The ratio is about five percentage points higher than at the end of last year, according to a related report.

 

The total number of its personal e-banking customers topped 30.66 million by the end of June, 54 percent more than a year ago. Of the total, 7.41 million were registered in the first half of this year.

 

The main reasons for the robust growth of e-banking business include the steady increase of ICBC's personal e-banking account transfer, personal remittance and payment services, rapid growth of investment managing business such as e-Fund, and the sound development of e-banking assets business, said the bank.

 

(Xinhua News Agency October 19, 2007)

 

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