Bank of China
in Russia 🇷🇺
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About Bank of China in Russia
Bank of China is a Chinese state-owned commercial bank operating in Russia through its wholly-owned subsidiary АКБ «БЭНК ОФ ЧАЙНА» (АО). It is one of the largest foreign-owned banks in Russia, specializing in facilitating trade and financial transactions between Russia and China. The bank holds a universal banking license from the Central Bank of Russia and serves corporate clients, financial institutions, and individual customers.
Bank of China is the second-largest Chinese banking subsidiary in Russia by assets, with approximately 592 billion rubles in assets as of 2024. The bank plays a crucial role in yuan-denominated payment processing and international settlements between the two countries.
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