JOHANNESBURG, January 20, 2016 /PRNewswire/ --
First Indian Private Sector Bank to Open a Branch in
Africa
ICICI Bank Ltd (ICICI Bank) inaugurated its first full
service branch at Sandton in Johannesburg. It is the first Indian private
sector bank to open a branch in the African continent. ICICI Bank
Ltd, Johannesburg branch is an
authorised financial services provider (FSP23193) in South Africa licensed by the South African
Reserve Bank.
(Logo: http://photos.prnewswire.com/prnh/20141217/721230)
Inaugurating the branch, Mr. Vijay
Chandok, President, ICICI Bank said, "We are delighted to
announce the opening of ICICI Bank's first branch in South Africa. The opening of this new branch
is a testimony to the strengthening trade relations between
India and Africa over the last decade. We believe that
ICICI Bank with its offices across major global centres including
Singapore, Hong Kong, Shanghai, Dubai, Bahrain, New
York and London is well
poised to cater to the banking requirements of Indian corporates
having presence in South Africa as
well as the African continent, and the South African corporates
that share active trade links with India."
To begin with, the Johannesburg
branch will undertake banking activities only for corporates. It
will provide financial assistance to Indian joint ventures and
subsidiaries across Africa, offer
trade finance and short term funding for companies having trade
links with India.
The branch address is as below:
ICICI Bank Ltd., South Africa
Branch
3rd Floor, West Building, Sandown Mews,
88, Stella Street, Sandton, 2196
Johannesburg
Landline: +27 11 6767800
About ICICI Bank Ltd:
ICICI Bank Ltd (NYSE:IBN) had consolidated total assets of US
$ 132.17 billion at March 31, 2015. ICICI Bank Ltd's subsidiaries
include India's leading private
sector insurance companies and among its largest securities
brokerage firms, mutual funds and private equity firms. ICICI Bank
Ltd's presence currently spans 17 countries, including India. For more information, visit
http://www.icicibank.com/
Disclaimer:
ICICI Bank Ltd. Johannesburg
branch is an Authorised Financial Services Provider in South Africa (FSP23193).
For media queries, write to us
at: corporate.communications@icicibank.com