Bank of China, the world’s fourth largest bank by capital, has established a branch in Dublin on 28 June 2017. The new branch is located in Hatch Street, in Dublin city centre. It focuses on corporate lending and it aims to lend close to €700m annually by 2020. Its target clients will be Chinese companies operating in Ireland, Irish companies with interests in China and multinationals with large offices in Ireland.
The new Dublin office is a sign of the growing importance of economic relations between Ireland and China. Ireland is now home to three of the top four Chinese banks, all of which have set up international leasing centres here.