Bank of China Macau Branch was established on June 21, 1950, formerly known as Macau Nantong Bank, and has a history of more than half a century. For a long time, it has been adhering to the business purpose of "rooting in Macao and serving Macao" to support economic development, maintain financial stability, and promote social progress. At the same time, it has also developed rapidly.
In the early days of the establishment of the Bank in the 1950s and 1960s, Nantong Bank was only a bank registered as a sole proprietorship and could only handle general traditional banking services such as overseas remittances, foreign exchange settlements and simple loans. In the 1970s, with the promulgation of the Macau Banking Law and the development of various industrial and commercial industries, Nantong Bank transformed into a commercial bank in accordance with the law, diversified its business, and thus became one of the important financial institutions in Macau. Since the 1980s, with the reform and opening up of the motherland and the economic development of Macao, the Bank has entered a period of comprehensive and rapid development and has taken important steps in collectivization, diversification and electronicization.
On New Year's Day 1987, Nantong Bank was renamed Bank of China Macau Branch, becoming the ninth overseas branch of Bank of China. In 1991, it moved into the Bank of China Building in Macau. On October 16, 1995, the Bank of China participated in the issuance of banknotes, opening a new page in the history of currency issuance in Macau. Before and after Macao's return, the Bank actively cooperated and participated in various important activities to welcome and celebrate Macao's return, and made active efforts to promote the smooth transition of Macao's economy and finance and the smooth handover of sovereignty.
On April 28, 2000, Bank of China signed a public treasury cashier agency contract with the Macau SAR government and became one of the government's public treasury agent banks. On September 6 of the same year, he was elected as the Chairman of the Sixth Council of the Macau Association of Banks by the Macau Association of Banks.
As of the end of 2007, the total assets reached 69.82 billion patacas, the balance of various deposits was 57.33 billion patacas, and the balance of various loans was 23.26 billion patacas. It is also in a relatively advanced position in terms of management methods, service quality, financial innovation, and electronic development.