CCB opens New York branch

by Richard Kilner

Story link: CCB opens New York branch

China Construction Bank Corporation (CCB) has opened its first branch in America, and held a ceremony in New York to celebrate the event.

The ceremony was attended by Vice President Fan Yifei, Chairman Guo Shuqing and Robert Lieber, New York’s deputy mayor.

The CCB’s new branch will engage in wholesale banking operations and will leverage the bank’s global network and deep financial resources to support customers, including multinational corporations and financial institutions.

Earlier in the month the bank opened its first wholly owned subsidiary in Europe, China Construction Bank (London) Limited.

The subsidiary will endeavour to provide clients engaged in Sino-UK trade with high quality support.

The CCB is amongst the largest banks in the world, and has more ATMs globally than any other bank.

In addition, it has assets totalling some $1.3 trillion and in the first quarter of this year enjoyed a profit of $3.84bn.