ICBC Indonesia Expands Business in Central Java

PT Bank ICBC Indonesia (ICBC Indonesia) has inaugurated a new branch office in Semarang as part of its expansion strategy and long-term commitment to supporting national economic growth, strengthening international trade, and bringing banking services closer to businesses in Central Java. Located at Jalan Jenderal Sudirman No. 99, Semarang, the new branch reinforces the bank’s presence in one of the country’s key economic centres. As the capital of Central Java Province, Semarang plays a strategic role as a hub for trade, industry, logistics, and investment. Based on data from the Central Statistics Agency (BPS), the city of Semarang recorded a Gross Regional Domestic Product (PDRB) of Rp 288 trillion in 2025. Growing export-import activities and increasing cross-border business relations make the city an important driver of regional and national economic growth. President Director of PT Bank ICBC Indonesia, Chen Yong, stated that the presence of the Semarang branch is a manifestation of the company’s commitment to becoming a trusted financial partner for businesses, investors, and the community, particularly in Central Java. ‘Our presence in Semarang is a manifestation of our commitment to grow together with the local community and business world. We are ready to be a trusted partner that supports customers’ financial needs and encourages closer economic collaboration between Indonesia and China,’ Chen Yong said. As part of the world’s largest banking network, ICBC Indonesia offers various superior services, including international payroll services, cross-border transfers in RMB and USD currencies, cash management services, and integrated financial solutions for corporate and individual customers. To support international transaction needs, ICBC also provides access through the SWIFT and CIPS networks, as well as financial services that reach various countries. The Semarang branch is also supported by professional staff who are proficient in Mandarin and Indonesian to ensure effective communication and optimal service for customers. This support strengthens ICBC Indonesia’s role as a financial bridge connecting Indonesian businesses with global business opportunities, particularly in China. The Deputy Head of Bank Indonesia’s Central Java Representative Office, Anggis Rakhmi Ichsan, said the inauguration of the ICBC Indonesia branch in Semarang is a positive step in strengthening the financial ecosystem that supports international trade, investment, and economic connectivity. ‘ICBC’s presence is expected to further facilitate cross-border transactions, strengthen financing for productive sectors, and support investment growth in Central Java. The synergy between the banking industry, regulators, and business actors is an important foundation in encouraging inclusive, sustainable, and globally competitive regional economic growth,’ he explained. Meanwhile, the Chairman of the China Chamber of Commerce in Indonesia (CCCI) Central Java Branch, Wu Lei, said the opening of this branch further strengthens economic relations between the two countries. Along with the increasing economic relations between Indonesia and China, ICBC Indonesia is optimistic that the presence of the Semarang branch will expand access to international financial services, strengthen trade financing, and create more sustainable investment opportunities and economic collaboration in Central Java.