Established in January 1996, Beijing-based CMBC ranks in the countryâs top five banks and is amongst the leading 200 global banks. The first bank in China to be owned predominately by non-government enterprises, CMBCâs meteoric rise to prominence includes the operation of over 300 branches in China and working relationship with 700 overseas banks.
CMBCâs expanding workforce of 14,000 professionals offer a range of services covering the areas of commercial, corporate, investment, mortgage, private, retail and wholesale banking.
The rapid growth and drive for success of CMBC has attracted the attention of the business community and general public, and is aptly mirrored in the Bankâs regional center in Wuhan, central Chinaâs political, economic, financial, cultural, educational and transportation center. CMBC headquarter building in Wuhan is not only the tallest in the city and surrounding province of Hubei, but internationally rates as the worldâs 19th tallest tower.
CMBCâs national and international reputation has been enhanced by the award of numerous citations including the countryâs Best Trade Finance Bank, Best Online Bank, and the UK-based The Banker magazine recognition of the CMBCâs position in the top 25 of Asian banks.
Mr Lin ZhiHong, General Manager, of CMBCâs Trade Finance Department said âCMBC selected Surecomp as its trade finance solution technology partner because Surecomp was able to demonstrate conclusively the benefits that their automated solution will bring to CMBCâs daily trade finance operations. We know that with Surecomp we are licensing a field-proven system. Additionally important to us is the excellent reputation that Surecomp enjoys in China for the quality of its solution development and customer support. We are delighted with the outcome and look forward to the successful launch of the Surecomp system.â
âThe growth of our trade finance operations is a cornerstone of CMBCâs current Five-year Development Program. The development program symbolizes the Bankâs re-positioning and strategic transformation from a new enterprise to a mature business, and will see CMBC further perfect and stabilize business growth both in China and further a fieldâ concluded Mr Lin ZhiHong.
Adding his congratulations Surecomp Chairman & CEO Joel Koschitzky remarked, "'We are excited to partner with CMBC to provide best-in-class trade finance solutions and to become a major contributor to the Bankâs continued development in the fast-growing, rapidly maturing Chinese economy. CMBC becomes the 10th Chinese bank to license a Surecomp trade finance solution. Our partnership with CMBC and the continued expansion of activities in the Chinese market further reinforces Surecompâs leadership position a global leader in the development of trade finance solutions."