Bank of China on Tuesday said it opened its second branch in the Hungarian capital.
The Bank of China seeks to expand its network in Hungary and later wants to use the unit as a base for growth in the entire Central and Eastern European region, the bank’s management said.
The Bank of China started operating in Hungary in 2003, marking its entry in the CEE region. The bank’s Hungarian unit had after-tax profit of HUF 1.2 billion last year. It finished 2011 with total assets of about HUF 60 billion.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
