OREANDA-NEWS. October 02, 2014. SB Bank has opened a correspondent account in CNY in Bank of China (Eluosi), a subsidiary bank of the largest Chinese credit institution Bank of China Limited. Opening of this account will considerably expand opportunities of clients and correspondents of SB Bank in the field of settlements in Chinese yuans.

The Bank of China Limited ranks #4 by size of assets in China and ranks #5 in the world. In China it is one of the leaders in the market of banking services, it possesses powerful innovative opportunities, has a wide network of branches and subsidiaries in more than 30 countries in the world.

To date SB Bank maintains accounts in all main world currencies: Euro, USD, Canadian dollars, British pounds sterling, Swiss francs, Danish and Norwegian krones, Swedish kronas and Chinese yuans. The Bank’s correspondent network encompasses the largest European, American, Canadian, Japanese and Chinese banks, such as Deutsche Bank AG (Frankfurt-Am-Main, Germany), Commerzbank AG (Frankfurt-Am-Main, Germany), KBC Bank NV (Brussels, Belgium), Raiffeisen Bank International (Vienna, Austria), Deutsche Bank Trust Company Americas (New York, USA), National Bank of Canada (Montreal, Canada), Bank of Tokyo-Mitsubishi UFJ, Ltd (Tokyo, Japan), etc.