Tuesday, 25 June 2024

Best RMB Clearing Bank in Asia Pacific goes to Bank of China

5 min read

By The Asian Banker

The winning bank has significantly innovated by integrating advanced payment platforms such as SWIFT LNK, GUPP, and facilitating cross-border transactions through Swap Connect. This has resulted in a 38% year-on-year increase in the bank’s value of cross-border RMB clearing transactions and an 85% year-on-year increase in RMB settlement volumes, growing ever robustly as a long-established leader in the RMB businesses. 

For its leadership, innovations and outstanding business performance, the award of Best RMB Clearing Bank in Asia Pacific goes to Bank of China.



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