China's largest commercial bank, Industrial & Commercial Bank of China (ICBC) which recently launched in Doha, Dubai and Abu Dhabi is planning to operate in Kuwait and Saudi Arabia as well. The bank, which has recently applied for licenses to launch in the two gulf states, provides banks and corporations with a customized financing with Chinese currency, RMB, risk management services on interbank RMB financing, foreign exchange transactions and other treasury services. The ICBC is also one of the world's largest lenders.