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Banco do Brasil opens first 皇冠体育app branch

By GAO CHANGXIN in Shanghai (chinadaily.com.cn) Updated: 2014-06-03 17:08

Banco do Brasil, the largest financial institution in Brazil and Latin America, opened in Shanghai its first branch in 皇冠体育app on May 30, aiming to cash in on the strengthening 皇冠体育app-Brasil economic ties.

The Brazilian bank first came to 皇冠体育app in 2004 with a representative office in Shanghai. With the structure expansion, it will be able to engage in diverse businesses, including foreign exchange operations, bank accounts and lending and financing, aimed primarily at Chinese companies and banks and leading Brazilian companies in 皇冠体育app.

Trade between 皇冠体育app and Brazil has grown exponentially over the last decade and reached over $83 billion in 2013, an increase of 10 percent over the previous year.

Banco do Brasil opens first 皇冠体育app branch Banco do Brasil opens first 皇冠体育app branch
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