OREANDA-NEWS.  May 28, 2013. The Bank of East Asia (“BEA”) announces that its wholly-owned subsidiary, The Bank of East Asia (China) Limited (“BEA China”), has opened a new branch in Jinan, Shandong Province.

The capital of Shandong in Eastern China, Jinan has played an important role in the history of the region. Today, it is one of the country’s major administrative, economic, and transportation centres. The city also has a diverse industrial structure that includes information technology, transportation equipment, home appliances, and more.

Dr. David K.P. Li, Chairman & Chief Executive of BEA and Chairman of BEA China, says, “The establishment of our Jinan Branch clearly demonstrates the Bank’s commitment to promoting business developmentin Eastern China, and to serving our customers nationwide. We
are delighted to bring our extensive personal and commercial banking services to the people and enterprises of Jinan, and we look forward to helping them achieve their financial goals.”

BEA China’s Jinan Branch provides comprehensive Renminbi and foreign currency banking services to all customers. Services include account and deposit services, loans and advances, bill acceptance and discounting, documentary credit and bank guarantees, remittance and settlement, foreign exchange, derivative products, debit cards and credit cards, and overseas investment services for local residents and enterprises.