Recently, China Banking Association announced the results of China Trade Finance Award for Excellence. Bank of China was presented the Annual Trade Finance Award and also awarded with the prizes of Best Bank in International Settlement and Best Bank in Cross-border RMB Settlement.
Trade finance is a traditionally advantageous business of BOC. BOC has been insisting on the customer-centered, market-oriented and technology-guided policy, strengthening product innovation, enhancing service quality, and further improving market competitiveness and influence in trade finance field. In 2012, the international settlement amount of BOC reached USD2.78 trillion, and cross-border RMB settlement amount reached RMB2.46 trillion, both taking a lead worldwide.
This prize evaluation is sponsored by the Trade Finance Committee of China Banking Association and the prizes include 1 institutional award and 8 service awards. BOC surpassed all its counterparts both in terms of the number and impact of the awards received.
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