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The first Singapore branch of CITIC Bank International (CBI) opened here Wednesday,[link widoczny dla zalogowanych], as part of a regional expansion plan of its parent China CITIC Bank Corporation.The full-service commercial bank told Xinhua that the Singapore branch is also its first in Southeast Asia,[link widoczny dla zalogowanych], a region that is China 's fourth largest trading partner.
The Singapore branch would serve businesses in southeast Asia,[link widoczny dla zalogowanych],[link widoczny dla zalogowanych], including its corporate customers and partners,[link widoczny dla zalogowanych], as well as customers who have investment in China.The Singapore branch also has plans to introduce private banking services in 2012,[link widoczny dla zalogowanych], CBI said.The new branch will provide a range of wholesale banking and treasury services,[link widoczny dla zalogowanych], ranging from renminbi products and services to working capital financing and foreign exchange services.
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