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Grey Line Red Arrow Inauguration of the Bank of China Centre---Back office centre of Bank of China (Hong Kong)
20 Dec 2001

Bank of China Centre, a new back office operations centre of the Bank of China (Hong Kong) situated at the Olympian City, is inaugurated on December 20, 2001.

Mr Liu Jinbao, Chief Executive of Bank of China (Hong Kong), said at the inauguration ceremony of the Bank of China Centre, "According to our classification of 'front, middle and back offices' operations, Bank of China Centre is the centre of "back office" operations which comprises all the bank-wide support services departments. The newly merged bank, Bank of China (Hong Kong), has centralized all such services as bills, loans process, remittance, telecommunications, funds settlement and corporate services, in order to maximize the utilization and sharing of resources, enhance operating efficiency and help lowering costs."

"Bank of China Centre is the pivot for the Bank of China (Hong Kong) to strengthen its operating efficiency and better control its operating costs. It is also a strong backup to the front office operations where quality service and support are provided. To ensure the achievement of the bank-wide business and profitability objectives, the back office must maintain close and smooth cooperation with the front office", Mr Liu stressed.

Bank of China Centre, located at the Olympian City of the West Kowloon, commands a 26-storey office with a total gross floor area of about 300,000 square feet. Commencing July this year, various support services departments including Operations, Corproate Services, Human Resources, part of the Information Technology, Bills Centre of the Corporate Banking & Finance Institutions, and Audit have already moved into the Centre. The Centre is expected to accommodate 2,000 staff, providing various support services to the front office of the Bank.

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