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Everbright Bank Wins Award for Liquidation Service
The Everbright Bank of China won the Quality Recognition Award granted by the U.S.-based Morgan- Chase Manhattan Corp. for its high-quality liquidation service, according to a bank spokesman Monday.
The bank was selected from among more than 10,000 banks worldwide, as it had shown an outstanding performance in liquidation services in U.S. dollars.
It is the first Chinese mainland bank to win the prize for five years, said Zhao Baofu, the spokesman.
He noted that the bank has provided prompt and quick liquidation service with low risks, especially when clients need to transfer their money internationally.
Morgan-Chase Manhattan Corp. is a global financial service institution, with branches in more than 60 countries and regions across the world. It ranked 12th among the Top 500 U.S. companies listed by Fortune Magazine last year.
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