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A branch of the bank in Kandy. Bank of Ceylon (BOC; Sinhala: ලංකා බැංකුව Lanka Bænkuwa, Tamil: இலங்கை வங்கி Ilangai Vangi) is a state-owned, major commercial bank in Sri Lanka. Its head office is located in an iconic cylindrical building in Colombo.
The BOC would make initial payment of $60 million, with the rest payable over 13 years at 6% interest. The announcement of the sale was also poorly handled, and a dive in business confidence ensued. The Hang Seng Index fell 80 points, and the HK$ lost 1.5% of its value the next day. [7]
Bank of China (Hong Kong) is the second-largest commercial banking group in Hong Kong in terms of assets and customer deposits (2008 data), [2] with more than 190 branches across Hong Kong as of the end of 2019. [1] It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.
The site was originally occupied by the eastern part of the old City Hall, which had been built in 1869.The western part of the City Hall was demolished in 1933 to make way for the 3rd generation of the Hong Kong & Shanghai Bank Building, while the eastern part was demolished in 1947 to make way for the Bank of China Building.
In December 2010, the New York branch of the BoC began offering renminbi products for Americans. [25] It was the first major Chinese bank to offer such a product. A list published in 2011 by Forbes ranked the BoC as the 4th-largest company in the world. [26] In 2012, the BOC opened a branch in Taiwan.
Bank of China Centre (Chinese: 中銀中心; Jyutping: zung1 ngan2 zung1 sam1), or BOC Centre, is a 26-storey office building of Bank of China (Hong Kong) in Tai Kok Tsui, Kowloon, Hong Kong near Olympic station. [1] It was developed by Sino Land in 2000, but sold to BOC (Hong Kong) at HK$1.6 billion for the back office operations in 2001. [2] [3]
The Bank's Hong Kong Branch was consolidated as part of "Joint Office of Joint Public-Private Banks" in 1952, and later part of the Bank of China Group. On 14 April 1998, the Hong Kong Branch seceded from the Bank of China Group, and its Head Office resumed its full management.
The Bank of Communications is among the top 5 leading commercial banks in China and has an extensive network of over 2,800 branches covering over 80 major cities. Apart from Hong Kong, the Bank has also established overseas branches in New York, Tokyo, Singapore and representative offices in London and Frankfurt.