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06:45 China's ICBC asks to open bank in Peru
 
Lima, Jan. 29 (ANDINA). Peru's Superintendent of Banking and Insurance (SBS) said that the Industrial and Commerce Bank of China Limited has asked for permission to open a bank in Peru.
Peruvian President Alan Garcia speaks to ICBC Chairman Jian Jianqing during a recent meeting in Lima.
Peruvian President Alan Garcia speaks to ICBC Chairman Jian Jianqing during a recent meeting in Lima.

The government agency said that the bank will operate a single office at the start, and will aim at corporate financing for companies that have business ties in China, and at personal banking operations with Chinese citizens.

A number of foreign banks have opened offices in Peru in recent years, drawn in part by rising investments and strong economic growth. 

"The establishment of a subsidiary in Peru is part of the bank's international development strategy," SBS said in a communique.

(END) EEP/LVT

Date: 29/01/2011
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