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Wednesday 23rd of June 2010

News Tag: Bank of China

July 29, 2009

Bank of China offers UK mortgages

by David Masters
British landlords and homeowners will soon be able to mortgage their properties with the Bank of China. Mortgages from the Chinese bank are offered via four brokers, starting at 2.5% above the base rate. Bank of China previously focussed on lending to Chinese communities in the UK, but is now widening its scope. Borrowers will have to attend a face-to-face meeting with the bank ...

July 27, 2009

Bank of China opens its doors to mortgage customers

by Gill Montia
Bank of China has relaunched its mortgage offering to UK customers, having previously focused on the British Chinese community. The world's third-largest bank says it can provide "straightforward and very easy to understand" variable-rate loans to first-time buyers, home movers and customers who want to re-mortgage. Buy-to-let investors are also being targeted by the bank, which funds its mortgage business ...

January 14, 2009

RBS sells entire stake in Bank of China

by Kay Murchie
It has now been confirmed that Royal Bank of Scotland (RBS) has sold its 4.3% stake in Bank of China for £1.6 billion. RBS sold all of its 10.8 billion Bank of China shares at a price of 1.71 Hong Kong dollars per share. The news is confirmation that the bank is looking to trim back its overseas holdings ...

January 13, 2009

RBS set to announce disposal of Bank of China stake

by Kay Murchie
According to reports, the Royal Bank of Scotland (RBS) is set to announce the sale of its 4.3% stake in Bank of China, which is valued at over £1.8 billion. The rumour of the sale has brought with it speculation that similar transactions will arise. Late last year, Swiss bank UBS sold its entire 1.5% stake in Bank of ...

August 21, 2008

Bank of China reports 57% rise in profits

by Kay Murchie
Industrial & Commercial Bank of China (ICBC) has become the world’s most profitable bank after it reported a 57% rise in half-year profits. The bank, which is the largest in China, made 64.5 billion yuan (£5.01 billion, US$9.4 billion) in the six months to the end of June and easily outperformed its rivals worldwide, particularly in the US and Europe, ...