BOC Jan-Oct international trade settlement up 26%

Published: 17 Nov 2008 02:14:43 PST

Nov. 17, 2008 (China Knowledge) - Bank of China (BOC)<601988><3988>, the nation's second largest commercial lender, said its total volume of international trade settlement exceeded US$600 billion in the first 10 months of this year, up 26% compared with the same period of last year, sources reported.

During the Jan.-Oct. period, Bank of China remains the largest bank in the country in terms of trade settlement volume, with a market share of 30% and more than 120,000 corporate clients.

In the first ten months of 2008, BOC provided US$5 billion worth of loans for Chinese enterprises to expand their business overseas, becoming the largest book-runner in the Asia-Pacific region (excluding Japan and Australia).

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