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ABC NY branch successfully joined the FCI
Under the guidance and support of the head office, ABC NY Branch has been approved by FCI (Factors Chain International, abbreviated FCI) to become members of the organization after active negotiations and consultations. ABC NY Branch is the second Chinese bank in the United States who has become the FCI members followed by Bank of China NY branch, and also the first overseas branch to get FCI membership within ABC’s system.
ABC NY branch has continued to strengthen its management capacity and make every efforts to promote product innovation since its opening. Successfully joining FCI indicates that the financial services of NY branch has been further enhanced, which lay a good foundation to accelerate the development of factoring business and broaden the affiliated businesses with domestic branches.
FCI was founded in 1968 with its head office in Amsterdam, Netherlands. FCI is the world’s largest factoring network of leading factoring companies. Currently the FCI network covers 76 countries throughout the Americas, Europe, Africa, Asia and Oceania, actively engaged in more than 80% of the world's cross-border factoring volume. All members in China are banks, including Agricultural Bank of China, Bank of China, Bank of Communications, Industrial and Commercial Bank of China, China Construction Bank and CITIC Bank.