text: It was announced at the end of July 2013 that South Africa's Standard Bank was in talks to sell its markets business in London to the Industrial and Commercial Bank of China for more than $500 million. The transaction was completed on , after which the London-based operation has been known as ICBC Standard Bank.
  In 2014, ICBC was the largest company in the world according to the Forbes Global 2000 list, with revenue reaching 148.7 billion USD and profit amounting to 42.7 billion USD. On 24 September 2014, ICBC Kuwait Branch officially opened in Kuwait City as the first and currently the only Chinese bank in Kuwait. Meanwhile, it is also the fourth branch of ICBC in the Middle East, following branches in Dubai, Abu Dhabi and Doha. On 25 May 2015, the Company further strengthened its presence in the Middle East and Europe by purchasing Turkey's TekstilBank and forming its ICBC Turkey subsidiary.
  ICBC Financial Services, the bank's brokerage unit, provided about $88 billion of repo financing at the end of 2015, up from $59 billion two years ago, according to regulatory filings. The figures are before netting agreements that can be used to reduce overall assets and liabilities. Almost all the repo financing that ICBC provides is on U.S. government bonds.
  On 18 November 2016, the bank obtained a license to take deposits in Russia.