Bank of China opens its branch in Belgrade

Bank of China opened its branch in Serbia on Saturday, becoming the first Chinese bank to start operating in the country.

The official opening ceremony took place at Palace of Serbia, in the presence of Serbian President Tomislav Nikolic, Chairman of Bank of China Tian Guoli, Chinese Ambassador to Serbia Li Manchang and members of the Serbian government.

Speaking at the ceremony, Tian said that the official launch of Bank of China Serbia in Belgrade was an important step taken by the bank with the view of satisfying the growing needs of the economic cooperation between Serbia and China.

Bank of China will make further contribution to China’s Belt and Road Initiative through its financial services.

“With the launch of Bank of China Serbia, we’d like to grasp the historic opportunity of deepening bilateral trade cooperation, make the best use of our advantages of internationalization, diversification and professionalization, serve clients of the two countries with better financial service, and contribute more to the bilateral trade development and financial cooperation,” Tian said.

President Nikolic said at the ceremony, “I am thankful to the governments of both countries for their dedication to implementation of joint projects, of which the opening of the branch of the Bank of China is one of the most important.”

President Nikolic also said that Belgrade’s branch of Bank of China would act as headquarters for the Balkans, East and West Europe, namely that it would cover Bulgaria, Romania, Hungary, Croatia, Slovenia, Bosnia and Herzegovina, Montenegro, and Albania.

Serbian Finance Minister Dusan Vujovic said that because of the opening of the new bank branch, the relations between the two countries have an opportunity to deepen even more.

(Xinhua News Agency, Blic, 22.01.2017)

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