Bank of China granted operating licence

Bank of China has acquired an operating license in Serbia from the National bank of Serbia (NBS), the Serbian central bank confirmed yesterday.

– The National Bank of Serbia, as per request by the founder – Bank of China Hungary Close Ltd. from Budapest, established that all the requirements had been fulfilled and has accordingly issued an operating license to Bank of China which will operate under the name of Bank of China Srbija Akcionarsko Drustvo Beograd – NBS says.

The NBS adds that the bank registered as a business entity at the Business Registers Agency, following the issuance of the operating licence and all relevant approvals by the NBS. This is the first Chinese bank to operate in Serbia.

The founder of the Serbian bank is Bank of China Hungary Close Ltd. from Hungary, owned by the Chinese Bank of China Ltd, one of the top five banks in the world based on the value of market transactions. Bank of China Serbia will be the Chinese bank’s headquarters for the Balkans and East and West Europe.

According to the earlier announcements, Bank of China will commence its operations on 20th January, 2017.

(eKapija, 09.01.2017)

A small favour

Since 2013, Serbian Monitor has been offering to its readers carefully selected news about the Republic of Serbia, as a daily commitment stemming from the genuine desire to offer undistorted information about a country that is too often a victim of prejudice and superficiality. From November 2016, this service is available in English and Italian with a growing number of original articles with a goal of providing a complete picture of this Balkan country's economy, politics, culture and society. Our archive is completely free of charge, available to anyone who wants to get to know the country, to study its specific aspects, or to be constantly updated about it. This project will only be able to continue with the help of readers on whom we are calling to provide a small financial support so that we can continue supplying an increasingly expanding pool of information and original contributions. If you appreciate our work, please click on the button below.

This post is also available in: Italiano

Share this post

scroll to top
More in Bank of China, licence
Bank of China arrives to Serbia in 2017
Vucic: Foreign investments in Serbia EUR 1.92 bln in 2016