OREANDA-NEWS. March 29, 2012. The Asset (HK), the respected financial publication internationally, presented the prestigious award for "Best Domestic Custodian (China) of the Year 2011" to ICBC. This marks ICBC's seventh consecutive year winning this award, reported the press-centre of ICBC.

The Asset is a leading financial magazine in Asia for delivering authoritative coverage to international investors and bankers, professionals, commercial banks and capital market veterans. The Asset annual Triple A honors are the most prestigious and authoritative in the global financial market. The award, which evaluates the performance of commercial banks, investment banks in the capital market for the past one year, is presented to the best performer.

In 2011, ICBC made significant progress by embarking aggressive marketing on the range of custody services offered with a focus on innovation. The Bank gained high recognition from domestic and overseas customers using ICBC custody services. At the end of 2011, over RMB 3.5 trillion of assets under the custody of ICBC demonstrated ICBC's market dominance for thirteen consecutive years in the main custody services for securities investment funds, insurance assets and corporate annuity funds. By setting up a global custody network, ICBC upgraded its capacity of overseas and domestic branches in the delivery of custody services. By embracing IT innovation to drive the growth of custody business, ICBC launched business process restructuring program and became the first custody bank in the country that used modularized and standardized business processes for custody business.

Beginning from 2004, ICBC has received 29 domestic and international awards for its excellence in custody services, building a good market image in this field. Industry insiders said that, the award to ICBC showed the Bank's strength and dominance in domestic custody services.