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ICICI Bank Private Banking Division awarded the Outstanding Regional Private Bank (Asia-Pacific)

ICICI Bank (NYSE: IBN), has been awarded the ‘Outstanding Regional Private Bank – Asia Pacific’ award by Private Banker International at the just concluded 17th Private Banker International Wealth Management Summit 2007.ICICI Bank is the first Indian bank to get this award.

Mr. Girish Nayak, Head - Product and Strategy, International Private Banking, ICICI Bank and and Mr. Kanwar Vivek, Head – Retail Liabilities Group (Sales), ICICI Bank received the award at the ceremony held in Singapore.

Said Mr. Anup Bagchi, Head – Global Private Banking, ICICI Bank, “We are delighted to receive this award. It validates strategies and products that ICICI Bank Private Banking offers to its High Networth Individual (HNIs) customers and the continued faith our HNI customers have in us. Being a financial super-house in India with undisputed leadership in wealth management, retail banking etc., ICICI Bank has also successfully developed global capabilities in offering a wide range of banking financial solutions from our offshore offices which span 18 countries. Our product specialists, based out of India and overseas locations, continuously research the international financial markets and asset classes and come out with innovative products”.

“At ICICI Bank Private Banking, HNI customer convenience is utilized as a strategic tool across all our business lines and the bank offers a suite of multi-channel, innovative and convenient products catering to different customer requirements. With ICICI Bank Private banking our esteemed customers make the best of every opportunity by investing in a range of world-class banking products and services.” continued Mr Bagchi.

Said John Evans, Managing Editor Private Banker International and lead judge for the awards programme, “ICICI Bank is one of the few banks in Asia that is taking to the fight to the Western home markets of the big guns of global wealth management. It has a growing international network in Europe, North America and the Middle East, a great machine for attracting NRI money, and of course strength in-depth when it comes to creating a domestic wealth franchise.”

The Bank has received several awards in the banking sector such as “Bank of Year – 2006” by The Banker, “Best Bank of the Year 2006” by Business India. The Bank was listed amongst the top 50 companies in Asia by Forbes. The Asset also awarded the Bank with the “Triple AAA” Best Transaction Bank, Trade Finance and Domestic Custody 2006 in India. In addition Global Finance Award for World's Best Foreign Exchange Bank from India" and the "World's Best Trade Finance from India". ICICI Bank has also got the NDTV Profit Business Leadership Award in the Banking category, Reader's Digest India - Most Trusted Brand Award for 2006 voted by consumers