Industrial and Commercial Bank of China
(ICBC), the world’s largest bank by market capitalisation, is
offering its internet banking customers discounted fees to
celebrate 10 years of its online channel.

Silver and gold members of the banks Personal
Internet Banking (VIP) service, will be entitled to discounts on
transfers and remittances, free messaging alerts and a 20 percent
discount on fund purchase fees until March 2010.

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The bank’s online banking service has already
been hugely successful and by the end of the first quarter of 2009,
corporate and personal customer numbers reached 61.96 million and
1.59 million respectively. 

The total value of ICBC’s e-banking
transactions rose to CNY32 trillion ($4.67 trillion) during the
quarter, accounting for 44.5 percent of all of its business.

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