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ICBC hires IBM to bolster IT capacity ahead of Thai expansion

Sep 14. 2017
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By The Nation

The Industrial and Commercial Bank of China (Thai) (ICBC Thai) and IBM have signed a three-year agreement on managed IT operations and resiliency services to enhance the efficiency and effectiveness of the bank’s data-centre operations as it eyes expansion in Thailand.

IBM will provide the bank with fully managed services covering data-centre infrastructure and operations, backup and disaster recovery, security, and world-class process improvement. 

The agreement also covers the delivery of services to the bank’s local subsidiary, ICBC (Thai) Leasing.

ICBC (Thai) is a subsidiary of ICBC, the world’s largest bank in terms of the highest Tier 1 Capital. ICBC (Thai) is designated by the People’s Bank of China as the RMB Clearing Bank in Thailand and is looking to aggressively grow in both the commercial and consumer banking areas, leveraging its strong global network across six continents.

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