Bank of China Joins CML
October 28th, 2009 by 
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The Bank of China (UK) has become a member of the Council of Mortgage Lenders.
The company was created following the Bank of China’s decision to set up a branch in London in 1929.
This was the first time any Chinese bank had set up a financial institution outside of China.
The CML says that the Bank of China (UK) has expanded steadily over the years and is now an important member of the City’s banking community, with branches in Birmingham, Manchester, Glasgow and London’s Chinatown.
The CML now has 136 members and 81 associates.
Bank of China is currently the third largest bank in the world.
It is authorised by the Financial Services Authority and a member of the Financial Services Compensation Scheme.
UK distributors offering deals with Bank of China (UK) include Legal & General Mortgage Club via the appointed representatives of L&G Partnership Services, Solent Mortgage Services, Complete Mortgage & Loan Services, Connect Mortgage Group and Savills Lending Solutions.
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