OREANDA-NEWS. September 07, 2012. Bank of China Poland Branch held its opening ceremony in Warsaw, thus becoming the first China-funded bank officially opened in Poland. Waldemar Pawlak, Deputy Prime Minister and Minister of Economy for Poland, Li Lihui, President of Bank of China and Wang Wengang, charge d'affaires ad interim for the Chinese Embassy in Poland, were present at the opening ceremony and delivered speeches, reported the press-centre of Bank of China. 

Pawlak, Polish Deputy Prime Minister, congratulated the successful opening of the branch. He said that at the start of a new century of Bank of China, the choice to set up a branch in Poland will definitely further promote bilateral economic, trade and financial cooperation between Poland and China.

Li Lihui said that the establishment for the branch is an important achievement of the bilateral economic and financial cooperation between China and Poland. Bank of China Poland Branch will, by taking advantage of its opening and seizing the historical opportunity of the ever-deepening economic and trade cooperation between the two countries, continue to make full use of such advantages as international presence, diversity and intelligence, so as to make new contributions to promoting bilateral trade and economic development as well as financial cooperation.

Wang Wengang, charge d'affaires ad interim for the Chinese Embassy in Poland, pointed out in his speech, that it is of great practical importance and far-reaching historical significance for Bank of China, the century-old brand in Chinese financial industry, to enter the financial sector of Poland.

Bank of China Poland Branch officially started operation in Warsaw on June 6 this year, and has had full access to the financial market of Poland, providing quality financial services for Chinese and Polish clients from the industrial, commercial and financial sectors as well as for individual customers. The services include: deposit, loan and remittance of local and foreign currencies; foreign exchange transactions; trade finance; and guarantee, etc.

Over 350 persons, including representatives of the Polish government and financial sector as well as heads of China-funded institutions attended the opening ceremony.