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)

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