ICBC would like to clarify a news article which was carried by Business Recorder on February 1, 2014 and subsequently also made available online titled “ICBC to open branch in Lahore”. We would like to point out that there are some inaccuracies in this report.

He Shenghu is the Deputy CEO of ICBC in Pakistan and has been wrongly listed as the President. There are no plans for a Branch in Lahore at this time as we recently opened a “Sales and Service Center” in Lahore in Q3 2014. There is no such facility of “business and banking” it could be “business banking” or just “banking” we are not sure what the context is here.