The bank said China is an important growth market for its ECT activities, given the country's position as the leading global consumer of energy and commodities, as well as being the world's largest shipbuilder.
ABN Amro intends to convert the Shanghai representative office into a full branch in due course in order to provide a broader range of services to international and Dutch commercial banking clients.
“With our expertise in commodities, shipping and energy finance, ABN Amro is well placed to play an increasing role in China's international trade,” said Joop Wijn, ABM Amro's managing board member responsible for commercial and merchant banking (C&MB).
As part of C&MB's division, ECT provides standard and structured wholesale banking services to global clients in sectors such as commodity finance, shipping, oil and gas and offshore services.
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