OREANDA-NEWS. November 26, 2012. The other day, the “List of Innovative Banks in 2012” sponsored by the Global Entrepreneur magazine was published in Beijing. With its comprehensive, diverse and personalized global services, Bank of China won the prize of “Best Private Bank”, reported the press-centre of BOC.

As the first Chinese-funded bank launching private banking business in China, BOC, based on its global service system, has actively expanded its private banking business platform. At present, BOC has set up private banking branches in 20 key regions across the country, and founded private banking overseas services in Hong Kong, Macau and other regions, so as to provide high-end customers with banking and non-banking customized products and services all around the world.

While striving to develop private banking business, BOC has actively promoted business transformation, continuously enriched product category, and accelerated the layout of third-level wealth management service channel, thus promoting the rapid development of wealth management business. At present, BOC has set up nearly 200 wealth management centers and over 5,100 financial centers in China, built the broadest network of channels among Chinese banks, and initially set up the wealth management business platform covering Asia-pacific and European region providing private banking services.

The “List of Innovative Banks in 2012” targets at all banks operating in China, and aims to discover organizations with excellent performance in relevant segmented business sectors of banking industry. The appraisal and selection process lasts for 3 months, involving such strict links as bank data research, discussion of professional organizing committee and final assessment of experts etc.