Bank of China

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EBRD, Ford Otosan charge ahead with big EV lending


The European Bank for Reconstruction and Development (EBRD) is supporting the production of a range of next generation all-electric and plug-in hybrid variants of one-ton commercial vehicles for the European market by arranging a 650 million-euro loan to Ford Otosan, US automaker Ford's joint venture with Turkey's Koç Holding, according to a statement from the bank on July 14.

China's president Xi Jinping arrives in Athens

Chinese President Xi Jinping has arrived in Athens on a two-day official visit.

Xi was met at the Athens Airport by Foreign Minister Nikos Dendias.

On Monday, Xi is due to meet President Prokopis Pavlopoulos, who visited China last May, and Prime Minister Kyriakos Mitsotakis. Xi and Mitsotakis also met a few days ago, at the China International Import Expo in Shanghai.

EIB to finance part of Cosco’s master plan for Piraeus port

The European Investment Bank has approved a 100-million-euro loan to Cosco to finance part of the Chinese company's investment in the port of Piraeus.

The funds will be used for the first stage of the 612-million-euro master plan, providing for the expansion of the cruise terminal, a new passenger terminal, a car park and a new logistics area.

Two of China's largest banks moving to Greece

Two of China's biggest banks plan to do business in Greece, the Bank of Greece, has announced. 

Specifically, the central bank informed the Development Ministry on October 31 about the establishment of branchs of a branch of Bank of China (Europe) Luxembourg. 

The branch is to be located at Mesogeion Avenue, 2, and has a launch date of November 1, the BoG said.