The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney is part of the Euromoney Institutional Investor PLC
Northeast Asia

New Silk Road Finance Awards 2017: Best overall Chinese bank for BRI

Bank of China

New_Silk_Road_Finance_Awards_2017-200   

BELT AND ROAD          

Judged on purely local terms, Bank of China falls behind some of its domestic rivals: Industrial and Commercial Bank of China and China Construction Bank both bring in far more in terms of net interest income, while Agricultural Bank of China’s branch network – 23,682 at the end of 2016 – is more than twice the size of Bank of China’s. But look abroad and you see a vastly different story.

Bank of China’s renminbi clearing bank network is a plain example of how it leads the competition overseas. It was perhaps natural that it should have been picked to manage renminbi clearing in Hong Kong and Macau, setting up in 2003 and 2004 respectively.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree