ICBC eyes more foreign banks

HONG KONG: Industrial and Commercial Bank of China (ICBC), the mainland's largest bank, is prepared to acquire more foreign banks, possibly this year, a senior executive said.

"It's possible that ICBC will complete another acquisition deal in 2008," Pan Gongsheng, secretary of the ICBC's board of directors, told China Daily.

Pan, who also looks after the bank's merger and acquisition business, declined to elaborate.