ICBC New York is the New York branch of Industrial and Commercial Bank of China Limited (ICBC), one of the world’s largest banks by assets. Operating as a wholesale banking office, it serves corporate and institutional clients engaged in cross‑border business. The branch is supervised by U.S. regulators, including the New York State Department of Financial Services and the Federal Reserve.
Its activities include corporate lending, trade finance (such as letters of credit and documentary collections), cash management, foreign exchange and treasury services, and correspondent banking. ICBC New York supports U.S.–Asia trade and investment flows, helping companies manage working capital, payments, and currency risk. The branch’s client base spans sectors such as manufacturing, energy, commodities, and chemicals, where financing and risk management are integral to global supply chains.
The financing supports Hail and Ghasha's gas production, with participation from over 20 financial institutions, enhancing project resilience and ADNOC's strategic growth.
The facility includes $2.11B one-year, $700M two-year tranches, and a $500M accordion. It was oversubscribed, adding four new banks, enhancing liquidity for energy commodities.
Financing will fund Campana refinery upgrade to produce ultra‑low sulfur diesel, cut sulfur emissions and reduce Argentina’s fuel imports.
