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BOC picks Singapore as regional business center

Jul. 4, 2012 (China Knowledge) - Bank of China (BOC) <601988><3988>, the largest foreign exchange lender in China, announced that it set up a wealth management center and the bank card regional business center in Singapore.

BOC becomes the first Chinese bank that established wealth management center and bank card regional business center outside China.

These two centers will promote BOC in expanding its overseas business in Southeast Asia and provide professional wealth management services and bank card products for customers.

In 2011, Bank of China realized RMB 124.81 billion in net profit, rose 18.93% from a year earlier.

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