Shanghai Commercial Bank London Branch

Über das Unternehmen

According to its official website, Shanghai Commercial Bank London Branch is the London branch of Shanghai Commercial Bank, incorporated in Hong Kong in 1950 and tracing its roots to The Shanghai Commercial & Savings Bank founded in 1915; the bank opened its first UK branch in 1980. From 65 Cornhill in London, the branch serves individuals and companies incorporated in or outside the UK and says it has strong expertise in trade finance and commercial lending. Its products include current, deposit and time deposit accounts, commercial and residential property financing of up to 70% of the appraised value with a maximum term of 25 years, trade finance services such as letters of credit, guarantees and documentary collections, and remittances; internet banking is offered to UK customers. According to the Bank of England list and the FCA register, the bank is authorised by the PRA to accept deposits through its London branch and is regulated by the FCA and the PRA; the site says deposits with the London branch are covered by the FSCS and are not protected by the Deposit Protection Scheme in Hong Kong. This information is the company's own statement.

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FCA (United Kingdom)

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