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Everbright growing internationally

Everbright growing internationally

(China) - One of China's largest commercial banks, Everbright Bank (EBC) has seen its international settlement business volume explode by 93.3 percent in the last year. Its international settlements reached US$12.478 billion in 2001 with the total level of foreign currency bought and sold by the Bank hitting US$7.062 billion during the year, up 51.5 percent over 2000.

The Bank is concentrating on electronic transaction platforms to deploy new, niche product lines in powering competitiveness and profit growth.
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