Bank of China, the world’s third largest bank, has started offering mortgages to credit-starved British borrowers at rates that undercut many of the deals available from established UK lenders.
The bank, which has previously focused on Chinese communities in the UK, wants to become a household name alongside lenders such as HSBC and Barclays.
Financial Times 25/07/09 page 1, The Times Business 25/07/09 page 52
