No, Kunlun Bank mainly provides international settlement, foreign exchange transaction, cross-border guarantee, cross-border financing and other financial services for China and Iranian enterprises. It is the financial window and main channel for bilateral economic and trade exchanges between China and Iran. The Head Office has nine branch-level institutions, namely Karamay Branch, Urumqi Branch, Daqing Branch, Tuha Branch, Korla Branch, Xi 'an Branch, Yili Branch, Kashgar Branch and International Business Settlement Center. The predecessor of Kunlun Bank is Karamay City Commercial Bank. In April, 2009, China Petroleum and Natural Gas Group Co., Ltd. took control of Karamay Commercial Bank through capital increase, and officially changed its name to Kunlun Bank in April, 20 10. Xinjiang, Beijing, Shaanxi, Heilongjiang and other provinces and cities have set up 9 branch-level institutions with 85 branches and 2,954 employees.