KBC Bank NV is the first Belgian bank in China to be awarded a local currency (Renminbi) licence by the People’s Bank of China (PBOC). Consequently, KBC is now able to offer corporate customers a comprehensive range of Renminbi business services and has already concluded its first credit transaction in the local currency with the Chinese subsidiary of the Belgian international company, UCB.
A press release noted that KBC was also the first Belgian bank to have an operational establishment in Ch...
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