From the initial issuance of a licence to operate a bank in Hungary in 1994 (which was disposed in May 2007), the ICB Banking Group has within the last twenty years established or acquired commercial banks in Eastern Europe, Africa and Asia and now operates its banks in thirteen countries and has to its advantage more than a decade of banking experience within a global environment and a team of skilled and versatile managers.


In 1996, the group began its first Africa operations in Ghana and today has a presence in 9 Africa countries.

The Group subsequently made its foray into Asia in 2003 by acquiring an indirect stake of 11.3% in Bank Internasional Indonesia, one of the largest banks in Indonesia (which was disposed in January 2008). It also acquired a controlling interest in the mid-size Bank Bumiputera in Indonesia in 2020, thereby expanding its frontiers in the banking industry."

To date, the banks operating under the ICB Banking Group banner are expanding and consolidating their presence in the host countries where financial services represent a significant pillar of the economy and constitute the fastest growing sector in the country. The number of Banks and branches is expected to increase with ICB extending its reach to other countries. The Banks benefit from strong Group support in terms of referrals of customers and businesses. Overall, the outlook is for ICB to further strengthen and expand its position as a banking entity of international stature.

In 2004, the individual ownerships of the ICB Banking Group were corporatised under the umbrella of ICB Financial Group Holdings AG, a Swiss based holding company.

On 17th May 2020, ICB Financial Group Holdings AG was also listed on AIM market of the London Stock Exchange.