At the second annual conference of the Professional Committee of Syndicated Loans and Transactions of China Banking Association held in Shanghai recently, Bank of China won the Best Development Award on domestic syndicated loans presented by China Banking Association in recognition of its outstanding performance in the business of syndicated loans. Meanwhile, the syndicated loan project for the debt restructuring of Nanjing Textile Group (Jiangsu), of which Bank of China was responsible for the implementation, won the Best Deal Award.
In recent years, Bank of China has intensified its efforts on the development of syndicated loan business by taking advantage of its strengths in internalization and diversity. In 2010, Bank of China led a total of 54 syndicated loan projects worth of RMB 101.2 billion, obtaining RMB 511 million of fee income. In the first half of 2011, it achieved RMB 478 million of fee income, up 31% year-on-year. As of the end of June 2011, its domestic syndicated loan balance reached RMB 330.8 billion, up 39% year-on-year.
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