Wednesday 25 May 2022
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ICICI Bank opens its first branch in South Africa

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Johannesburg: ICICI Bank Ltd (ICICI Bank) inaugurated its first full-service branch at Sandton in . It is the first Indian private sector bank to open a branch in the African continent. ICICI Bank Ltd,  branch, is an authorised financial services provider (FSP23193) in South Africa licensed by the South African Reserve Bank.

Inaugurating the branch, Vijay Chandok, President, ICICI Bank, said, “We are delighted to announce the opening of ICICI Bank’s first branch in South . The opening of this new branch is a testimony to the strengthening trade relations between India and 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 inSouth as well as the African continent, and the South African corporates that share active trade links with India.”

To begin with, the branch will undertake banking activities only for corporates. It will provide financial to Indian joint ventures and subsidiaries across , offer trade finance and short term funding for companies having trade links with India.

The branch address is as below:ICICI Bank Ltd.,

ICICI Bank Ltd., South Branch
3rd Floor, West Building, Sandown Mews,
88, Stella Street, Sandton, 2196
Johannesburg
Landline: +27116767800

ICICI Bank Ltd (NYSE: IBN) had consolidated total assets of US $132.17 billion as on at 31 March 2015. The bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual and private equity firms. ICICI Bank Ltd is present in 17 countries, including India. For more information, visit this site.

PR Newswire

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