ICBC e-service throughput up 136% yoy

Industrial and Commerce Bank of China’s (ICBC) e-banking services carried US$1.24 billion (RMB8.99 billion) worth of transactions in 2007, up 136% year on year, the China Securities Journal reported. The bank's e-banking services attracted 15.83 million new individual users last year and 376,000 corporate users, bringing the total amount to 39.08 million and 980,000 respectively. The combined value of its funds transacted online amounted to US$80.56 billion (RMB585 billion) last year, nearly 11 times higher than the previous year. ICBC, the world’s largest bank by market capitalization, was crowned “best online deposit service” in the US Global Finance magazine’s December issue.