SCOTIABANK TO OPEN ANOTHER BRANCH IN CHINA
By Adnews Staff
Toronto-based Scotiabank will expand its presence in China next March. At that time, the bank will open a branch in Chonqing, China. The branch will offer services such as trade finance, correspondent banking, term lending, project financing, syndication and foreign exchange. Scotiabank has been in China since 1982, when it opened a representative office in Bejing. In 1993 it opened a second representative office in Guangzhou, which recieved full branch status in 1995.
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