Bank of China - Australia Revenue and Competitors

Bank of China Limited Sydney Branch was established in 1942 and was the first Chinese bank to establish operations in Australia. Since resuming banking operations in Australia in 1985, Bank of China, (including Bank of China Limited and Bank of China (Australia) Limited) has dedicated itself to promoting the Australia-China trade and economic relationship. Building on decades of local market financial experience and expertise, Bank of China has built a fast and highly efficient global service network supplying a diversified range of financial products. Bank of China offers a comprehensive range of financial products, and to date is the only Chinese bank operating in Australia holding a licence to deal with both retail and wholesale customers. Financial services include: Deposit products denominated in AUD and foreign currency Remittance services; Corporate financing: bilateral loan, syndicated loan, project finance and structured finance; Trade finance: letters of credit, collections, letters of guarantee, forfeiting, import & export trade finance Global markets: FX spot & forward, exchange rate / interest rate derivatives RMB businesses: cross-border RMB settlements, RMB trade finance, RMB deposits & loans, RMB remittances and RMB clearing AUD clearing and custodian services ATM and internet banking Bank cards: debit card and credit card Personal financing: home loan, commercial loan, secured personal loan and bank guarantee Safe deposit box