New Office
BEA China Strengthens Branch Network
The
Bank of East Asia has opened a new branch Suzhou, Jiangsu
Province, successfully transforming it into a full-service
office.
The
China Banking Regulatory Commission had given the go-ahead to
establish a full-service branch in the area in July 2009, but BEA
has been operating a representative office since 2005, the
company said in a statement. Besides being a popular tourist
destination, Suzhou also enjoys a relatively prosperous economy
and has experienced rapid grwoth trhough the years.
"Suzhou branch is well equipped to meet the banking and financial
needs of our personal and corporate customers in the region, and
to contribute to the robust growth of the Delta," said
Dr David KP Li, the chairman and chief executive officer of
the bank.
The branch provides comprehensive foreign currency and Renminbi
banking services to all clients. With the opening of Suzhou, BEA
now has 16 total in the Yangtze River Delta area. It has a total
of 76 outlets in the country.
