Busan Bank Opens Second Nanjing Branch in China... Strengthening Close Customer Relations

BNK Busan Bank is opening a branch in Nanjing, Jiangsu Province, China, and taking a commemorative photo. (Photo by BNK)

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] BNK Busan Bank announced on the 30th that it has opened a branch in Nanjing, the capital of Jiangsu Province, China, and has begun full-scale operations.

Busan Bank obtained final approval from Chinese financial authorities for the establishment of the branch at the end of May, marking the first time a domestic regional bank has received final approval to open a second branch in China.

In particular, after obtaining preliminary approval from the Jiangsu Banking and Insurance Regulatory Commission in September last year, Busan Bank swiftly completed the licensing procedures based on mutual cooperation with Nanjing city and financial authorities despite the COVID-19 pandemic.

With the establishment of the Nanjing branch in China, Busan Bank plans to build an efficient sales network by dividing China into northern and southern regions, thereby further strengthening close operations within China.

Meanwhile, in addition to the newly opened Nanjing branch, Busan Bank has overseas branches in Qingdao, China, and Ho Chi Minh, Vietnam, and operates offices in Yangon, Myanmar; Mumbai, India; and Hanoi, Vietnam.

Going forward, the bank plans to prepare various overseas expansion strategies such as acquiring local banks and equity investments, focusing on countries it has entered.

This content was produced with the assistance of AI translation services.