Beijing banks love big spender. (Bank of Credit and Commerce in China)

BEIJING BANK LOVE BIG SPENDER

BEIJING BANK LOVE BIG SPENDER

Rarely is a bank praised for being “not entirely motivated by profit”.

But the Bank of Credit and Commerce (BCC) is a curious bank. Its ownership is Middle Eastern, its founder Pakistani and its professed customer base international with a Third World bias. The headquarters are in Luxembourg. And, in China and Hong Kong, the management is drawn mainly from the Indian sub-continent.

The group, which operates a network spanning 72 countries with the Bank of Credit and Commerce International as its holding company, has total assets of US$16.5

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