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Bank of China to launch Warsaw branch

PR dla Zagranicy
Peter Gentle 20.03.2012 11:47
The Bank of China is set to open its first Polish branch this April, setting up shop in the centre of Warsaw.


Just 11 people will be employed at the bank's first venture on Polish soil, but the Chinese enterprise hopes to secure high-flying clients.

“We want our clients to be the 50 biggest companies in Poland,” said Bartosz Komasa of the BOC in an interview with the Puls Biznesu daily

“They are interested in cooperation,” he added. “We want to help them realise it.”

Prior to joining the Bank of China, Komasa worked for the Polish Information and Foreign Investment Agency (PAIiIZ), encouraging links between the two countries.

Business between Poland and China amounted to 18 billion dollars (51 billion zloty) in 2010, although only only 1.6 billion dollars (4.5 billion zloty) consisted of Polish exports to China.

Last December, President Bronislaw Komorowski made the first visit to China by a Polish head of state in 14 years.

The visit encouraged stronger economic and cultural ties between the countries.

“Just as the EU is the first partner for China, so Poland is the sixth biggest economy among the 27 [EU] countries,” Komorowski said at a special meeting for businessmen in Shanghai.

Wenbo Hou, head of the Polish branch of the Bank of China, has said that according to current research, the number of Chinese nationals and businesses in Poland is set for a sharp increase over the coming years.

“We want to be a bridge between Poland and China,” he said.

The Bank of China's first Polish branch will be located on Warsaw's Zielna Street, between the Palace of Culture and Science and the Saski Gardens. (nh)

tags: banking, China
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