Bank of China opens 1st Chinese bank branch in Serbia

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Bank of China opened a branch in Serbia on Saturday, becoming the first Chinese bank starting operation in the country.

The official opening ceremony took place at Palace of Serbia, in the presence of Serbian President Tomislav Nikolic, Bank of China Chairman Tian Guoli, Chinese Ambassador to Serbia Li Manchang and members of the Serbian government.

Serbian President Tomislav Nikolic addresses the official opening ceremony of Bank of China Serbia at Palace of Serbia in Belgrade, Serbia on January 21, 2017. /Xinhua Photo

Speaking at the ceremony, Tian said that the official launch of Bank of China Serbia in Belgrade was an important step taken by the bank to satisfy the growing demand for economic cooperation between Serbia and China.

Bank of China will make further contributions to China's Belt and Road Initiative through its financial services.

"With the launch of Bank of China Serbia, we'd like to grasp the historic opportunity of deepening bilateral trade cooperation, make the best use of our advantages of internationalization, diversification and professionalization, serve clients of the two countries with better financial services, and contribute more to bilateral trade development and financial cooperation," Tian said.

Chairman of Bank of China Tian Guoli (2nd L) and Serbian Finance Minister Dusan Vujovic (2nd R) unveil the plaque of Bank of China Serbia. /Xinhua Photo

President Nikolic said at the ceremony, "I am thankful to the governments of both countries for their dedication to joint projects, of which the opening of the branch of Bank of China is one of the most important."

Bank of China Serbia is inaugurated in Belgrade, Serbia on January 21, 2017. /Xinhua Photo

Serbian Finance Minister Dusan Vujovic said that because of the opening of the new bank branch, the relations between the two countries have an opportunity to deepen even more.

(Source: Xinhua)

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