China Construction Bank, which is the second largest bank in the world by market capitalization, is considering the possibility to enter the Bulgarian market.
The delegation of the financial institution led by an Executive Vice-President and a serious team visited Bulgaria, the Chairman of the Bulgarian Chamber of Commerce and Industry Tsvetan Simeonov announced. The assets of China Construction Bank Corporationa are estimated at USD 3.3 trillion. Its annual profit amounts to USD 37 billion. It has over 200 branches in 29 countries. The financial institution is considering its future presence and the form of its presence in Bulgaria, Mr Simeonov said. During his visit to China Bulgaria’s President Rumen Radev already said that he had invited a leading Chinese bank to open a branch in Bulgaria.