Bank of China U.S.A. Launches New Financial Institutions Loan ProductPress Releases
New York, NY (December 22nd, 2020) – Bank of China U.S.A. (BOC U.S.A.) today announced the launch of its new Financial Institutions Loan offering, which provides revolving and term loans to banks and insurance companies to support daily operations and long-term growth strategies. The loans are offered through BOC U.S.A.’s New York branch and are available for financial institutions across the Americas and greater China region.
This new offering includes a range of long- and short-term loans designed to meet the specific funding requirements of global and national financial institutions. While the Financial Institutions Loans provided by BOC U.S.A. are primarily adopted in U.S. dollars, the bank also offers loans in other global currencies including the Renminbi, Euro and British Pound Sterling, among others.
“This new offering highlights Bank of China’s confidence in our long-term outlook for the U.S. market and our commitment to providing financial solutions that have a real impact on the business and operations of our clients,” said Raymond Qiao, Chief Lending Officer of BOC USA. “Our new Financial Institutions Loans finance the liquidity needs and capital investments that position our clients’ businesses for growth. These solutions further expand our client base in the United States and diversify our funding sources as the economy recovers from the Coronavirus.”
About Bank of China
BOC U.S.A. is one of the largest banks in the world, with a footprint that spans over 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets business lines.