Industrial and Commercial Bank of China has centralised a leasing operation in the IFSC.
Last week, ICBC said it would invest almost $800 million to fund an expansion of ICBC Leasing, which expects to increase its fleet of aircraft from 68 to 250 by 2013.
Jiang Bo,managing director of ICBC Leasing, said aircraft leasing contributed a quarter of the firm's revenue. ICBC International Leasing Company was incorporated in Dublin in April last year and is based at the AIB International Centre.
Article Published: 27/09/2011