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Euro Times ltd.

The Bank of China Hungária Zrt.

In February 2003 the Bank of China opened its first branch in Eastern Europe in Budapest with a registered capital of 2.7 billion Hungarian forints. The establishment of the Hungarian branch fully demonstrates China’s confidence in Hungary’s economic and financial development, and also shows that the Bank of China has decided to take the lead amongst Chinese financial institutions in Central and Eastern Europe. As of this day the registered capital of the BOC Hungarian branch has doubled, rising to 5.4 billion forints, and the preparations for constructing a network of branches are well on their way.

The BOC provides individual, corporal and consulting services. The individual service includes opening accounts, deposits, currency exchange, remittance inland and abroad, clean collection and loans. Company services mainly involve loans, international trade settlement and financing.