Bank of Communications unveils branch in Prague

The latest opening marks its 23rd overseas unit.

Bank of Communications (BoCom) has opened a branch in Prague as part of its efforts to deepen its footprint in Central Eastern Europe, according to Xinhua.

The bank's 23rd overseas branch will provide account services, corporate financing services, international settlement and trade financing services, and treasury services.

So far, three Chinese banks, including the Bank of China, the Industrial and Commercial Bank of China (ICBC), and the BoCom have successively established their branches in the Czech Republic.