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Chinese Bank Enjoys Fast Development in E-Banking
Statistics from the Industrial and Commercial Bank of China (ICBC) show that the bank's electronic banking has been developing fast, with a trading volume of over 1.92 trillion yuan (about 234 billion US dollars) in the first half year, matching that of last year's total.
A spokesman for the ICBC said that in the first six months, the bank's on-line banking trading volume reached 213.8 billion yuan, up 13 times from the end of last year; telephone banking trading volume reached 112.6 billion yuan, doubling last year's figure; while mobile phone banking volume realized a trading volume of 31 million yuan.
At the same time, corporate on-line banking clients increased by 1,100 to break 2,000; and individual on-line banking clients are up to 330,000.
He said that the ICBC has opened on-line banking business in 286 large and medium-sized cities throughout the country, and large enterprise groups such as Guotai Jun'an Securities Firm, Air China, Sinopec and China Mobile have become the bank's on-line banking clients.
Over the past few years, the ICBC has established an e-banking comprehensive service system comprising phone banking, on-line banking, corporate banking and ATMs, he added.
He said that in late October the bank will upgrade its individual on-line banking system, which will enable some 80 million holders of Peony card, the bank's credit card, to enjoy on- line financing and on-line shopping.
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