KBC was also the first Belgian bank to have an operational establishment in China, when its Shanghai branch opened its doors for business on 9 June 1997. It subsequently opened a second branch in the city of Shenzhen, Guandong Province, in January 1999 and a third branch in Nanjing, Jiangsu Province, in November 2001.
Another first for KBC Bank in the People's Republic of China: 'LOCAL CURRENCY LICENCE'
| Source: KBC Groep
KBC Bank NV is the first Belgian bank in China to be awarded a local currency (Renminbi) licence by the People's Bank of China (PBOC). As a consequence, KBC is now able to offer its corporate customers a comprehensive range of Renminbi business services and has already concluded its first credit transaction in the local currency with the Chinese subsidiary of the Belgian international company, UCB.
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