The prestigious business publication The Asset has cited China Bank’s Manila branch best bank for renminbi transactions in 2022.
The Asset is a widely recognized business news and research organization on Asia’s financial markets, and their Triple A Awards are industry excellence recognitions awarded annually to companies and financial institutions that have launched or helped implement initiatives in corporate treasury management, trade finance, supply chain and/or risk management.
“This achievement confirms our focus on innovation and service excellence in order to contribute to the growth of the financial services industry in the Philippines.”
Hu Xinquan, country head of Bank of China
The citation confirms Bank of China’s dedication to deliver exceptional services and solutions addressing the requirements of its clients. It also reinforces the bank’s significant participation in the renminbi (RMB) market in the Philippines.
“We’re honored to receive such a distinguished award. It is a testament to the tireless efforts and unwavering commitment of our teams in providing the best RMB products and services to our valued clients,” said Hu Xinquan, country head of Bank of China. “This achievement confirms our focus on innovation and service excellence in order to contribute to the growth of the financial services industry in the Philippines.”
“Bank of China consistently delivers impactful solutions. Bank of China was instrumental in facilitating RMB capital investment into the Philippines, and converting proceeds into Philippine peso for our large scale capital expenditures,” said Joseph John “Jojo” Ong, chief finance officer of Dito Telecommunity Corporation.
Bank of China, which has operations in 61 countries, offers a variety of RMB products in the Philippines such as deposit, payment, settlement, financing, and trade services.
