On July 30, 2004, Bank of China spokesman Wang Zhaowen announced that Bank of China was awarded "Best Overall Local Bank in China " by Asiamoney magazine in its " Best FX Banks in Asia 2004" poll. Bank of China was awarded another best local bank award last month by the magazine in its " Best Cash Management Banks in Asia 2004" poll.
The award resulted from the Magazine's foreign exchange(FX) poll which was sent to treasurers and financial executives from listed companies, multinationals, SMEs and unlisted local companies across the Asia-Pacific region. The objectives of the poll are to evaluate services offered by the banks and their capability in improving and delivering those services.
The first half of 2004 witnessed the steady development in Bank of China Group's FX business, among which, the business of international trade settlement of the domestic operations stood at US$166.22 billion, up 46.8% over the same period of last year; the income of FX asset and wealth management business at US$61.12million, up 158£¥ year on year.
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