Bank of China’s 2020 profits represent a 3 per cent growth year-on-year when compared to 2019.
Bank of China, Limited (BOC) and Banco Nacional Ultramarino, SA (BNU) will both remain the issuers of the Macao currency until 2030, based under new agency contracts for the issuance of banknotes that had been signed today.
BNU existing control mechanisms are effective, the bank’s CEO assures, after documents leaked from the US federal agency FinCEN point to suspect financial transactions in Macao.
The People’s Bank of China has inked a currency swap deal with the Macau Monetary Authority.
A Chinese character on banknotes issued by the Bank of China, Macau Branch has raised concerns about the notes being printed differently from that outlined in the Basic Law.
Macau Monetary Authority (AMCM) President Anselmo Teng Lin Seng said Monday that the People’s Bank of China (PBOC) and the