OREANDA-NEWS. March 30, 2011. Earlier, The Asset (HK) announced the winners of its "The Asset Triple A Awards - Transaction Banking 2011". For the third time ICBC has been named "Best Cash Management Bank (China)", "Best Domestic Custodian (China)", " Rising Star Trade Finance Bank (China) ". ICBC took the most prestigious country award (China) - "Best Transaction Bank (China)" for the fifth year running, reported the press-centre of ICBC.

The Asset is a leading financial magazine in Asia. Its annual "Triple A Transaction Banking Awards" are presented to financial institutions in recognition of their excellent performance in the cash management, asset custody and trade finance. Besides all the category awards like Best Cash Management Bank, Best Asset Custodian Bank and Best Trade Finance Bank, "Best Deal" is conferred to the bank with the outstanding performances in the above areas.

As the biggest commercial bank in China in terms of asset scale, ICBC continues to move up the innovation ladder, expand service ranges and increase service capability, while sharpening the edge in many areas such as cash management, asset custody and trade finance. ICBC promoted the global cash management service last year with an aim to upgrade the service through the presence of a global marketing and service network for the business. Now, when it comes to cash management, ICBC is the preferred partner in the country because of its rich offering and increasing brand influence. As the business moves ahead, more assets are under ICBC custody, more comprehensive product schemes are set up. ICBC has been at the forefront of the development of new products. ICBC launched value-added services as performance appraisal, risk management on top of the custody service. The result not only causes a phenomenal growth in the customers, but ICBC sits on top of the league table for 12 consecutive years in terms of the scale of assets under ICBC custody. Meanwhile, ICBC gathers speed in the innovation of trade finance products and improvement of intensive operation in trade processing and finance. Besides, ICBC domestic and overseas branches are working together to offer convenient, highly efficient trade finance services to all the customers.