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At the time of opening, the building's basement housed the bank's safe deposit boxes and a car park, while the Bank of China occupied the lowest three and top three floors of the building. The lower half of the building was air-conditioned, and the building was the first in Singapore to incorporate a mail chute and document lifts. [4]
BOC International Holdings Limited, shortly BOCI, is the wholly owned subsidiary of Bank of China, which offers investment banking and securities brokerage services. It was established in 1998 and headquartered in Hong Kong. It has subsidiaries in New York, London, Singapore, Beijing, Shanghai, Guangzhou and Chongqing. [1] [2] [3]
Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
In 2012, the BOC opened a branch in Taiwan. The opening was seen as a symbol of deepening economic ties across Taiwan Strait [28] Bank of China (M) Bhd opened its 6th branch in Malaysia at Tower 2, PFCC, Bandar Puteri Puchong in 2012. BOC also opened a branch in Stockholm in 2012, and in Lisbon in 2013. [29]
As of end-2002, the Bank had over 88,000 employees and a total asset reaching RMB 5.15 trillion. Bank of Communications currently possesses 236 domestic organs, including 30 provincial branches, seven directly managed branches, 199 sub-branches managed by the provincial branches, with 3,529 network organs in over 239 large- and medium-sized cities.
ICBC opened its first overseas branch in Singapore in 1993. It opened a branch in Luxembourg in 1999, which became its European headquarters in 2011. [22] In 2000, ICBC acquired the Union Bank of Hong Kong and renamed it ICBC (Asia).
It was a duplicate waypoint that triggered the failure of the Nats air-traffic control computer on August bank holiday 2023. White tails: aircraft that have been built without a specific customer.
In July 2018, Bank of Singapore was granted an investment company license to operate a wealth management subsidiary in Luxembourg – a first for a Singapore private bank. [16] BOS Wealth Management Europe S.A. was officially launched on 1 April 2019 in Luxembourg. The official opening for its UK branch in London was held the next day. [17]