PM Mitsotakis Hails Establishment of Bank of China in Greece



The European section of the Bank of China officially opened its first branch in Greece after receiving an operating license from the Bank of Greece (BoG) on November 1, 2019.

On October 25 the Bank of Greece informed the Industrial and Commercial Bank of China (Europe) SA, which is based in Luxembourg, that it can establish a representative office in Greece.

Greek Prime Minister Kyriakos Mitsotakis praised the Bank of China’s decision to open a branch in Athens on Monday evening when he spoke briefly to reporters in Shanghai, where he is making an official visit.

”The agreement with the banks is particularly important. The Bank of China is the fourth largest bank in the world. To put only a small part of its balance sheet in Greece would be very important,” the Prime Minister stated.

Referring to meetings between businessmen of the two countries in Shanghai, Mitsotakis added that “we have opened up a rather big investment agenda relating to electricity, smart cities, and renewable energy sources. I believe that very important agreements will be reached.”

“It has been a sizeable business mission and a challenge for us, to see what we can achieve when we operate in a well-organized manner,” the premier noted.

The European section of the Bank of China operates in ten EU member states currently, including the UK, Luxembourg, Germany, Italy, France, the Netherlands, Belgium, Sweden, Poland, and Hungary. It also has a presence in Russia.

With information from AMNA