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It was the first time that a domestic large-scale joint-stock commercial lender participated in establishment of the village bank. This move indicated that BOCOM made another breakthrough in the nation's rural financial realm, after it successfully bought into the Changshu Rural Commercial Bank at 2007-end.
The Dayi BOCOM Xingmin Village Bank is designed to specialize in personal deposit, business loan, housing mortgage loan, and bank card settlement, corporate loan, salary agency service, as well as note businesses. In addition, it is allowed to issue bank cards and provide the convenient settlement for the local forestry equity and assets transactions.
In the near future, BOCOM expects to further progress in instauration, management, and integration of the rural financial organizations, said people close to the matter.
From dycj.ynet.com, Page 1, Saturday, September 27, 2008 info@SinoCast.Com
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