Question 1

What is Bank of Communications?

Accepted Answer

Bank of Communications operates as an EEA branch of Bank of Communications (Luxembourg) S.A. in France. The branch is located in Paris and specializes in corporate banking services for businesses operating in the French market. As part of one of China's oldest banks, established in 1908, it provides European corporations with access to international banking services, particularly focused on trade finance and cross-border transactions.

Question 2

When was Bank of Communications founded?

Accepted Answer

Bank of Communications (Luxembourg) S.A. Paris Branch was established in November 2016. The parent institution, Bank of Communications (Luxembourg) S.A., was founded in May 2015 as a European hub for the Bank of Communications Group. The ultimate parent, Bank of Communications, was established in 1908 in China, making it one of the oldest banks in Chinese history.

Question 3

Where is Bank of Communications headquartered?

Accepted Answer

The Paris branch is headquartered in Paris, France. It operates as a branch of Bank of Communications (Luxembourg) S.A., which is based in Luxembourg.

Question 4

Where does Bank of Communications operate?

Accepted Answer

Bank of Communications operates exclusively in France through its Paris branch location. The branch serves corporate clients throughout the French market, providing access to international banking services and connections to the broader Bank of Communications global network.

Question 5

What services does Bank of Communications offer?

Accepted Answer

Bank of Communications Paris Branch offers corporate banking services including deposit accounts, corporate loans, trade finance, international settlement services, foreign exchange (FX), remittance services, and cross-border RMB transactions. The branch specializes in serving corporate clients with structured deposits and documentary settlement services. The focus is primarily on facilitating trade between France and China, as well as other international markets.

Question 6

What makes Bank of Communications unique?

Accepted Answer

Bank of Communications Paris Branch provides French corporations with direct access to one of China's largest banking networks. The branch specializes in cross-border RMB services, offering unique capabilities for companies conducting business with China. As part of a bank with over a century of history, it combines traditional Chinese banking expertise with European regulatory standards. The branch's focus on trade finance and international settlement makes it particularly valuable for import-export businesses.

Question 7

What type of financial institution is Bank of Communications?

Accepted Answer

Bank of Communications Paris Branch is classified as an EEA Branch (CRDEEABRA) under European banking regulations. It operates as a foreign branch of Bank of Communications (Luxembourg) S.A., which is itself a credit institution. In the French banking system, it functions as a foreign bank branch providing specialized corporate banking services, regulated by the Autorité de contrôle prudentiel et de résolution (ACPR). Deposits are covered by Luxembourg's deposit guarantee scheme (FGDL) up to €100,000 per depositor.

Bank of Communications

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About Bank of Communications in France

Bank of Commun­icatio­ns