On Wednesday, June 28th, the official Bank of China Dublin Branch Opening Ceremony took place in the Intercontinental Hotel, Dublin. The opening was attended by the Taoiseach, Leo Varadkar TD, the Tánaiste and Minister for Enterprise and Innovation, Frances Fitzgerald TD , Bank of China Chairman, Tian Guoli and China’s Ambassador to Ireland H.E. Dr Yue Xiaoyong. This is the first full branch of a Chinese commercial bank to be established in Ireland.
Taoiseach Leo Varadkar emphasised the importance of deepening friendship and economic relations between Ireland and China and expressed his welcome for more Chinese enterprises to invest in Ireland.
The Taoiseach and Chairman Tian Guoli witnessed the signing of a Memorandum of Understanding regarding Strategic Cooperation for Promoting Trade and Investment between China and Ireland signed by Martin Shanahan, the IDA CEO and Tian Jun,the General Manager of Bank of China Dublin Branch.
Ambassador Dr. Yue commended in his speech the fast development of China Ireland bilateral trade and investment in recent years. He encouraged Bank of China Dublin Branch to provide good-quality financial service to Chinese and Irish businesses and to make contributions to the welfare of both peoples.
The new branch will be located in Hatch Street, in Dublin city centre, which will focus on corporate lending. The bank already has a presence in Ireland through its aircraft leasing operation, BOC Aviation (Ireland) Ltd. Target clients will be Chinese companies operating in Ireland, Irish companies with interests in China, and multinationals with large offices here.
Bank of China Chairman, Mr Tian Guoli, Taoiseach Mr Leo Varadkar,
Ireland China Business Association Chairperson, Ms Susan Barrett and IDA Chief Executive, Mr Martin Shanahan