Simulation and planning tool
Bank of China has been active in Germany since 1989 and is the first of the five large Chinese national banks to operate in the country. Besides its headquarter in Frankfurt am Main, Bank of China has subsidiaries in Hamburg, Düsseldorf, Berlin and Munich. With a focus on euro clearing, import and export financing and syndicated lending, the bank has grown considerably in recent years. Today, the bank has more than EUR 10 billion in total assets. Additionally, the Frankfurt office is the central clearing house for trading CNY in continental Europe. Besides growth and rising complexity, stricter regulatory requirements are increasing the required number of KPIs to be monitored in bank management as well as their interdependencies. In order to manage this complexity, the Bank of China decided to implement a comprehensive simulation and planning tool especially for P&L and capital planning.