As business links between China and the European Union continue to grow a Dutch bank is strengthening its commitment in the Middle Kingdom.
Dutch bank ABN Amro has announced the opening of a branch in Shanghai which will focus on supporting the bank’s corporate clients in the region.
The European lender has been present in Shanghai with a representative office since April 2012, and has received the necessary approvals from regulators for the representative office to now become a branch.
Second Largest Trade Partner in the EU
Part of ABN Amro’s Corporate Banking division provides financing solutions to global clients in sectors such as commodity finance, shipping, oil & gas and offshore oil services. In addition to the presence in Shanghai, the bank has operated in Hong Kong for more than 110 years.
«China is an important market given the country’s position as the leading global consumer of energy. Also, the Netherlands is China’s second largest trade partner in the European Union and ABN Amro has historically been an important source of trade finance between the countries,» said Joop Wijn, ABN AMRO’s Managing Board Member responsible for Corporate Banking.
