Bank of China Czech branch to start operating by end of year

Bank of China, one of the biggest state-owned banks in China, will start operating a branch in the Czech Republic by the end of this year, Wenbo Hou, the head of the bank´s preparatory committee, told journalists at the branch´s ceremonial opening at the Prague Castle on Monday. The bank’s Czech branch will focus on the financing of large, medium-sized and small companies, provide cross-border services to these companies, including business recommendations, financial support, prevention of risks and consulting.