Canadian Market Drives Rapid Growth for ICICI Bank
Subsidiary of India’s largest private sector bank expands rapidly in Canada
ICICI Bank Canada is a wholly-owned subsidiary of ICICI Bank Limited, a global financial-services
company, with presence in 19 countries. ICICI Bank Limited has a network of about 1,563 branches
and 4,883 ATMs in India.
Established in 2003, ICICI Bank Canada has grown from a small operation serving Toronto’s South
Asian community into a full-service bank with nine branches, 200 employees and more than 260,000
accounts as of September 30, 2009. ICICI Bank Canada is active in all provinces and territories.
With branches in Ontario, British Columbia and Alberta, ICICI Bank Canada offers a comprehensive
suite of personal and commercial banking products and services. In addition, it also has extensive
domestic as well as cross-border corporate banking operations.
ICICI Bank Canada is supported by a sophisticated online banking platform to serve its customers
around the clock.
“Canada offers an ideal environment for us”, says Sriram H. Iyer, President and CEO of ICICI Bank
Canada. “We’ve benefited from a large pool of talented workers and knowledgeable consumers as
well as a strong regulatory regime.”
ICICI Bank [www.icicibank.ca] is yet another global player that finds opportunity in Canada.
ICICI Bank Canada has an asset base of approximately $5.8 billion as of September 30, 2009.
ICICI Bank Limited, the parent company of ICICI Bank Canada, is India's largest private sector bank with
consolidated total assets of about US$102 billion as of September 30, 2009.
ICICI Bank's equity shares are listed in India on Bombay Stock Exchange and the National Stock Exchange of
India Limited and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange
For more information, visit www.investincanada.com or contact us via Telephone:
(613) 996-2000 Fax: (613) 996-9276 or Email at email@example.com
Note: Unless otherwise stated, all values are expressed in Canadian dollars.