Bank of China has opened its first branch in Ireland.

 

中国银行在爱尔兰开设首家支行。

 

The branch will focus on serving both Chinese businesses with an interest in Ireland, and vice¹ versa.

 

Although the Bank is new to Ireland, it already has some business in the country thanks to its aircraft leasing business, which has a base in the country.

 

The opening comes despite uncertainties² over Brexit. The branch is technically³ connected to the Bank of China's UK operation, and the process of Great Britain leaving the European Union is likely to have an impact on British registered banks operating abroad.

 

More likely, it reflects the growth of business and cultural ties between China and Ireland, on which we have reported regularly over the last few months.

 

For example, in March we revealed that Irish beef is set to be promoted in China thanks to a multi-million pound investment from the European Union and the Irish Food Board.

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