The Industrial and Commercial Bank of China Ltd. (ICBC), the world's largest bank by assets, offers commercial banking and related financial services. In 2013 it launched operations in Peru under the name ICBC Bank Perú S.A. In 2014 it received regulatory approval to operate in Mexico. It also has operations in Argentina and Brazil, and is considering opening a representative office in Uruguay. The Beijing-based company was incorporated in 1984.