Other Chinese banks

Although it is mostly the China Development Bank and China ExIm Bank which have been active in the region so far, there are also signs of interest from other banks.

One is the government-owned Industrial and Commercial Bank of China, which expressed interest in the Pljevlja II project in Montenegro. This is the largest commercial bank in the world. A ranking of Chinese commercial banks by Chinese NGO Green Watershed finds that ICBC has been pro-active in developing its green credit policies and practices, but that it has not sufficiently developed its risk management when investing abroad and scores low on information disclosure. An example of the bank’s controversial projects is the controversial Gilgel Gibe III Dam (PDF) in Ethiopia.

The Bank of China is another government-owned commercial bank. It has not so far been active in south east Europe but it showed interest in the Jaworzno coal project in Poland, in which two Chinese companies were competing as sub-contractors until the main project sponsor Rafako chose Alstom instead in late 2013. It is also reported to have shown interest in the Pljevlja II lignite plant in Montenegro. Green Watershed’s ranking shows that the Bank of China falls behind its peers in terms of green credit policies and implementation.


The most important guidance document for Chinese banks is the Green Credit directive.
Find out more about the Green Credit Directive in our Resources section.


The ICBC and Bank of China do not have public grievance mechanisms and do not publish much information about their staff on their websites. Therefore getting in touch is not easy: you need to send faxes and hard copies of letters.

For more information on the appropriate style to use when contacting Chinese banks and institutions, see here.

If you would like advice about contacting the banks contact CEE Bankwatch Network by email: kingsofcoal@bankwatch.org

The ICBC has several offices and branches in Europe, so write to both the headquarters in China and to the European headquarters in Luxembourg or the Representative Office in Turkey:

Jiang Jianqing, Chairman of the Board of Directors, Executive Director,
cc. Yi Huiman, President,
cc. Wei Guixong, Chief Risk Officer
Industrial and Commercial Bank of China
No.55 Fu Xing Men Nei Street, Xicheng District, Beijing, 100140 P.R.C
Fax +86-10-66107571

EU-wide inquiries should be addressed to the attention of ICBC Luxembourg A.S. Chairman Mr. Gao Ming but sent to Ms. Zhang Yue the Head of Administration.

Gao Ming, Chairman
cc. Zhang Yue, Head of Administration
Industrial and Commercial Bank of China (Europe) S.A.
32, Boulevard Royal, L-2449 Luxembourg
Tel: +352 26866621
Fax:+352 26866699
Email: Office@eu.icbc.com.cn; zhang.yue@eu.icbc.com.cn
Istanbul Representative Office

Kanyon Ofis Blogu Buyukdere Cd.Kat:15
34394 Levent
Istanbul, Turkey
Tel: (0090)212-2608888
Fax: (0090)212-2608866

The Bank of China’s European headquarters is at:

Chair HUANG Yangxin
Bank of China Luxembourg
BP 721, L-2017 Luxembourg
Phone: +352 26 86 88
Fax: +352 22 17 95

It also has various other European offices, however the most relevant for infrastructure financing seem to be the following.

Bank Of China (Luxembourg) S.A.
37/39 Boulevard Prince Henri L-1724, Luxembourg P. O. Box 721 L-2017, Luxembourg
Tel: +352 228777/4667911
Fax:+352 228776
Web: www.bankofchina.com/Lu/

Bank Of China (Hungary) Close Ltd.
Bank Center, 7 Szabadsag Ter,
1054 Budapest, Hungary
Tel: +361 3543240
Fax:+361 3029009

It is usually difficult to find out the relevant person to contact, so first look for some clues in the media coverage of the project or the particular office of the bank in question. For the Chinese headquarters, if you cannot find a specific person connected to the project or the region where the project is situated, write to the most senior people listed on the website.

You should not expect to receive an answer quickly, if at all. This can be discouraging, however do not underestimate the impact of receiving letters from local groups or affected people, which still happens relatively rarely to Chinese banks and state institutions.

Since the banks are overseen by various state institutions, if you don’t receive any response from the banks, you may consider writing to some of the Chinese state institutions. For more information contact CEE Bankwatch Network by email: kingsofcoal@bankwatch.org