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Milestones of Bank of China Singapore Branch


 

• BOC Singapore Branch started its operation at Cecil Street in 1936.

• The South Sub-Branch was opened in December 1940.

• The North Sub-Branch was opened in October 1941.

• In 1953, BOC Singapore Branch moved into a new 17-sotrey building at 4 Battery Road.

• Katong Sub-Branch was opened in December 1959.

• In 1978, the official visit by the then Vice-Premier Deng Xiaoping to Singapore laid down a firm foundation for the growth of economic and trade relations between the two countries, paving the way for the brisk business expansion of the BOC Singapore Branch. From providing simple banking services such as deposits, remittance and exchange services prior to 1978, the Branch further extended its business scope to provide full banking services to its retail and corporate customers.

• In 1993, BOC Singapore Branch launched its first credit card – the Dragon Card, for which it won the Best Card Promotion Award at the MasterCard 1994 Asia-Pacific Annual Meeting.

• In 1999, a 37-storey new building was completed at its original premises.

• On 1 January 2002, Bank Of China Singapore Branch was merged with The Kwangtung Provincial Bank Singapore Branch, with total outlets reached six.

• In 2008, following the signing of Global Partnership Agreement between Bank of China & China Unionpay in Singapore, BOC Singapore Branch became the first Bank in Singapore launched the China Unionpay Credit Card,.

• People’s Park Remittance Centre was opened in Aug 2009.

• Prestigious Wealth Management was set up in Dec 2009 to offer higher level of personalized service to its priority customers.

• Central Sub-branch relocated to Marina Bay Sands and renamed as Marina Bay Sands Sub-branch on 2 March 2011.

• Bank of China Forfaiting Unit (Singapore) & Bank of China Commodity Finance Unit (Singapore) were set up on 22 Sept 2011 in Singapore.

• Bank of China Card Unit (Singapore) was set up on 31 March 2012.

• Bank of China Prestigious Wealth Management Unit (Singapore) was set up on 28 June 2012.

• Bank of China Singapore Branch was awarded Qualifying Full Bank Licence on 5 Oct 2012.

• Marina Bay Sub-Branch relocated to Tampines 1 and renamed as Tampines Sub-Branch on 11 Sep 2013.

• The first Offsite ATM was set up at Raffles City Shopping Centre on 11 Sep 2013.

• Bank of China Singapore Branch issued RMB 3 billion “Lion City” bonds on 25 Feb 2014.

• South Sub-Branch relocated to Jurong Point Shopping Centre and renamed as Jurong West Sub-Branch on 13 Aug 2014.

• Bank of China Singapore Branch was appointed as Singapore Exchange’s pioneer Market Maker of RMB Futures & the first Chinese settlement bank in 19 Sept 2014.

• Bank of China Singapore Branch officially joined the atm5 network  on1 Feb 2015.

• Jurong East Sub-Branch was opened on 30 March 2015.

• Woodlands Sub-Branch was opened on 7 April 2015.

• Bank of China Singapore branch successfully issued a Singapore dollar (SGD) 500 million senior unsecured bond - part of Bank of China’s multi-tranche, multi-currency bond offering to support China’s “Belt and Road” initiative on 24th June 2015. This is the largest-ever Singapore dollar senior unsecured bond issued by a commercial bank in Singapore and it also makes the Bank of China Singapore Branch the only Chinese bank to launch a benchmark-sized Singapore dollar bond locally in recent years. In addition to the Singapore dollar issuance, Bank of China also launched a renminbi (RMB) 5 billion bond on the same day. Bank of China listed both bonds on the Singapore Exchange to commemorate Singapore’s 50 years of independence.

• Bank of China Singapore Branch launched the first REPO on 25th June 2015. This was marked as the first Chinese Bank to launch REPO in Singapore as well as global.

• Bank of China established Global Energy Commodity Business Centre and Global Commodity REPO Centre on 6th November 2015.

• On 8th September 2016, Bank of China Private Banking (Singapore) was officially launched.

• Bank of China received the Business China Enterprise Award 2016 on 22nd November 2016, making it the first and the only Chinese enterprise so far to be conferred this award.

• Bank of China Singapore signed up as one of the pioneer members of Capital & Credit Risk Manager developed by Monetary Authority of Singapore and completed the first transaction on 16th May 2017.

• Bank of China Singapore Branch launched its new Chinese Cultural Platinum Card on 27th June 2017.

• Bank of China Singapore Branch was elected as Chinese Council member of the Association of Banks in Singapore on 27th June 2017.

• Bank of China established an Asian Bond Sales Center in Singapore on 29th June 2017.

• Bank of China Singapore Branch was elected as the chairman of the Southeast Asia Regional Committee of International Trade and Forfaiting Association(ITSA)on 30th June 2017.

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