BOC Tokyo Branch Accelerates Development of Retail Lending Business
OREANDA-NEWS. May 22, 2014. By taking root in the local market, Bank of China Tokyo Branch has successively launched a range of products, from retail real estate loans, to loans for land purchase and house building, real estate mortgage loans, SME loans bundled with personal real estate, with its retail lending business on a trend of faster growth.
In 2011, based on in-depth market surveys, Tokyo Branch rolled out the retail real estate mortgage loan service to meet specific customer demands. So far, this business has facilitated the closing of real estate deals worth up to JPY40 billion, and helped many customers realize their dream of having their own houses. With the revival of the local real estate market, the real estate loan business has developed faster, and enhanced asset structure optimization of the branch as well as rapid increases in its personal deposits and income from intermediary services. In 2013, Tokyo Branch successfully scaled up its retail lending business.
Founded in 1986, Tokyo Branch currently has tier-2 branches in Osaka, Yokohama, Nagoya, Otemachi (Tokyo), and Kobe. So far, it can provide a variety of financial services to customers, including deposits and loans, remittance and exchange, international settlement, funds clearing, and foreign exchange trading.
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