Recently, Tibet’s only local commercial bank, the Bank of Tibet, settled on an external trial opening date of April 12 for its Chamdo branch, Chinatibetnews.com reported.

After the trial opening, they will carry out a series of financial incentive policies, wholeheartedly serving the people of Chamdo and the city’s economic and social development.

It is said that the Bank of Tibet Chamdo Branch will still adhere to the business goal of “based in Tibet, facing the nation, servicing Tibet”, and the business principle of “rooted in Tibet, trusting in the world”.

For opening individual businesses, you can take advantage of preferable policies such as opening zero-balance bank cards, production cost-free cards, debit cards with no annual fees, withdrawing and transfering money across banks free of charge at nationwide Union Pay self-service ATM and CRS machines, and mobile banking free of charge.

For personal and business loans, the bank conveniently and efficiently reduces the threshold even further for providing loans, further optimizing the loan approval process, and carries out policies to provide the best lending rates.