• Bank of China Loans Singapore

    Bank of China is one of the 5 largest banks in the world and the 2nd largest lender in the People’s Republic of China. It is a state-owned bank which offers a wide range of banking and financial services and apart from China, the bank also has a significant presence in many countries around the globe. It is one of Big 4 banks in China and has its branches spread across cities around the world such as Tokyo, New York, Hong Kong and so on. Forbes has listed it as the 21st biggest company in the world and it employs thousands of people in China and abroad.

    History of the Bank

    The history of the bank began with its inception in 1905 when it was established as the Daqing Hubu Bank by the government at that time. For a long period of time, the bank was wholly owned by the government of China. However, the bank opened up to the public through an IPO in 2006 as it was listed in the stock exchange of Hong Kong. Through its IPO the bank was able to raise an amount of 11.2 billion US Dollars, making it one of the largest IPOs in history. Bank of China started its overseas operations as early as 1931 when it opened a branch in the city of Osaka in Japan.

    The Singapore Branch of Bank of China was opened on June 15 1936 and this particular branch of the bank has been awarded the license for operating as a full bank in the island. Bank of China has been operating in the Lion City for more than 70 years and has provided a variety of banking and financial services to people in Singapore. It is also the first choice of many Chinese nationals who live and work in the city as they can easily remit money to China through the services offered by the bank in Singapore. The bank has employed a team of professionals who are highly experienced and are very motivated to offer the customers with excellent quality of service every time they interact with the bank. The bank has also played a pivotal role in promoting bilateral trade between Singapore and China.

    Performance History

    As of 2013, Bank of China has total assets of 12.3 trillion Chinese Yuan and in the same year the operating income of the bank was 407.51 billion Chinese Yuan, while its net income was 211.68 billion Chinese Yuan. The bank has its presence in around 27 countries, including South Korea, Singapore, Australia, the United Kingdom, Canada, Ireland, Germany, France, Italy, Russia, the United States, and so on. The New York branch of Bank of China started offering products in Renminbi since 2010, becoming the first Chinese bank to offer Renminbi products in the United States. In 2008, it became the first bank in the island of Singapore to offer the China Unionpay Credit Card.

    Why Choose Bank of China?

    Being one of the largest banks in the world, Bank of China is able to provide its customers with world class service and a variety of banking products that are adorned with numerous beneficial features. The credit cards from Bank of China offer a range of benefits and are able to cater to the needs of people with all kinds of lifestyles. The deposit schemes from the bank help the customers to deposit money in more than one currency and also offer them with higher interest on the deposit amount. The customers also benefit from the flexible tenures and repayment options offered with loan products provided by the bank.

    Types of Loans Offered By Bank of China

    Bank of China offers the following types of loans in Singapore:

    BOC Personal Loans

    The bank offers a range of personal loan products that can cater to the needs of Singaporeans from all walks of life. These loans provide a variety of features that are very beneficial to the customers. The various personal loan products offered by the bank include:

    BOC Mortgage Loans

    Bank of China has designed several mortgage loans for customers in Singapore to easily purchase new / resale properties or get their existing home loan refinanced by the bank. Besides, the bank also offers a renovation loan to help people renovate their houses. Under the mortgage loans scheme, the bank further offers term loans and overdraft facility.

    BOC Corporate Loans

    Apart from lending money to individuals in the country, the bank also lends money to businesses in Singapore through its corporate loans. It offers a range of business financing products under these loans. Which include the following:

    • Bank of China Syndicated Loans
    • Bank of China Overdraft
    • Asset Financing
    • Revolving Credit Facility (“RCF”)

    Products and Services Offered by Bank of China in Singapore

    The different types of products and services offered by the Singapore Branch of Bank of China include, retail banking, corporate banking, trade financing, settlement of international trade, remittance services and so on. Bank of China can help you to take care of all your banking related needs and will also help you to efficiently manage your money. The products/ services offered by the bank in Singapore are listed below.

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    The main branch of Bank of China in Singapore is located on Battery Road. The Bank also has other branches spread across the island. These branches are located on Eu Tong Sen Street, East Coast Road, Middle Road, Tampines Central, Jurong West Central, Gateway Drive, Woodlands Square and Toa Payoh.


    Bank of China has won tons of prestigious awards from some of the top names in the world of banking and finance. These awards give people a fair idea of the excellent quality of service offered by the bank. The bank was named as the best bank in China by Euromoney in 2011 and in 2012, it was named as the best Private Bank by the magazine called Global Entrepreneur. In 2013, Bank of China was named as the Best Trade Finance Bank in China by the Trade Finance Magazine. The bank was also listed as the 21st biggest company in the world by Forbes magazine.

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