Bank of China (Macau) Limited (BOC Macau) is a core pillar of Macau's financial market, demonstrating excellence in local and cross-border financial services with its philosophy of "Rooted in Macau, Serving the World". Founded in June 1950, formerly known as Bank of Nantong of Macau, it was officially renamed Bank of China Macau Branch in 1987, and its headquarters is located in Bank of China Building, Avenida da Nam Van in Macau. As a wholly-owned subsidiary of Bank of China Limited, BOC Macau is backed by the strong resources of one of China's four largest state-owned banks, serving more than 7 million customers, including individual, corporate and institutional customers. The following is a comprehensive introduction to Bank of China (Macau), covering its basic information, deposit and loan products, digital services, technological innovations, unique services and market position.
Bank Basic InformationBank
of China (Macau) is a commercial bank, affiliated to the state-controlled Bank of China Group, established in June 1950, headquartered in the Bank of China Building (38 floors, 163 meters, completed in 1991) on Avenida da Nam Van in Macau. The bank is wholly owned by Bank of China Limited, whose shareholders include China Central Huijin Investment Co., Ltd. (64.63% A shares) and HKSCC Nominees Limited (27.78% H shares), reflecting its state-owned holding background. BOC Macau is strictly regulated by the Monetary Authority of Macau (AMCM) and is required to comply with the Macau Banking Ordinance and international financial standards to ensure operational transparency and the safety of customer funds. Its deposits are protected by the Macau Deposit Protection Scheme, with a maximum protection amount of MOP1 million per depositor. The Bank's SWIFT code is BKCHMOMXXX and the Legal Entity Identifier (LEI) is 54930047DU4WCPOIO219. As one of the legal note-issuing banks in Macau, BOC Macau and Banco Nacional Ultramarino jointly issue patacas (MOPs), which has a unique position in the local financial system.
Deposit & Loan Products
DepositsBank
of China (Macau) provides a wide range of deposit products to meet the savings needs of individual and corporate customers:
demand deposits: Including checking account and savings account, the minimum account opening amount is HKD 500 or equivalent currency, the base annualized rate of return (APY) is about 0.025%, the latest interest rate needs to be confirmed through branch or online banking.
Time deposit: Support 12 currencies such as HKD, USD, RMB, etc., with deposit tenors ranging from 7 days to 24 months, and the minimum deposit amount is HKD 10,000. During the 2025 promotion period, the interest rate on time deposits can be up to 2.5% (12 months, deposit amount less than HK$10 million), which can be enquired via online banking or branches.
Featured products:
High Yield Savings Account: For example, the "Renminbi Premium Savings Account" offers an annualized interest rate of up to 1.5% and requires a balance of HK$100,000 or above.
Large Certificate of Deposit (CD): Flexible tenor, suitable for customers with large amounts of funds, the interest rate needs to be queried through the branch or app.
Customers can check the "Cloud Interest Rate" offer through BOC Macau App or Internet Banking, and the deposit products can be opened and calculated instantly, and some accounts can be free of transaction fees.
loansBank
of China (Macau) provides a comprehensive range of loan products, covering housing loans, car loans and personal lines of credit:
housing loans: Fixed-rate and variable-rate mortgage loans with a loan amount of up to 70% of the value of the property and a repayment period of up to 30 years. In 2025, the fixed interest rate is as low as 1.88% (3-year tenor), and the floating rate is based on HIBOR (1-month HIBOR + 1.5%) or Prime Rate (5.0%-2.5%), with cash rebates and insurance discounts, depending on the bank.
Car Loan: Support new and used car financing, with a loan amount of up to HK$3 million, a term of up to 60 months, an annualized interest rate (APR) as low as 1.88%, and a credit score of 660 or above.
Personal Line of Credit: Including personal instalment loans (APR as low as 5.99%, amount up to HK$1.5 million) and asset-backed overdraft (up to 95% of the collateral market value), the application threshold is a monthly salary of more than HK$20,000 and a good credit history.
Flexible repayment options: Mortgages and personal loans offer no penalty for early repayment, weekly or bi-weekly payment plans, and a revolving line of credit for flexible debt management.
All loans are subject to bank approval, using the "Rule of 78" to calculate the interest and principal ratios, and customers are required to provide credit history, income proof and asset information, the specific terms of which are subject to the loan agreement. Banks' trade finance services, such as letters of credit and trade loans, provide additional support to cross-border businesses.
Digital Service ExperienceBank
of China (Macau)'s mobile banking app "BOC Macau App" is the core of its digital services, which is available for download on iOS 14.0 and above and Android 9.0 and above, with an App Store rating of 4.6, and users praise its innovative interface and powerful features. Core features include:
Face recognition: supports biometric authentication (such as Face ID and Touch ID), combined with strong encryption technology to ensure transaction security.
Real-time transfers: Support instant transfers in HKD and RMB through the Faster Payment System (FPS), with a daily limit of up to 500,000 HKD, international remittances covering more than 100 countries, and cooperation with Western Union and other platforms to provide low-rate transfers.
Bill management: Support online bill payment, automatic deduction and e-statement, and classify transaction records in real time.
Investment Tool Integration: Support stocks, funds, bonds, and derivatives trading, provide real-time market data and investment advisory services.
BOCNET, an online banking platform, supports multiple browsers and provides similar functions, allowing customers to open an account in less than 5 minutes through the app or official website. The app supports accessibility features such as dynamic font adjustment and VoiceOver compatibility for visually impaired and hearing-impaired customers. Some users reported that international remittance fees were high, but banks continued to optimize the user experience.
Technological InnovationBank
of China (Macau) actively explores in the field of financial technology, relying on the technical resources of Bank of China Group to promote digital transformation:
AI customer service: Introduce an AI-driven customer service system to analyze transaction behavior, Detect fraud risks in real-time, with plans to launch a virtual assistant in 2025 that will support 24/7 inquiries and personalized financial advice.
Robo-advisor: Provide AI-based investment management services through BOCNET and BOC Macau App, recommend diversified investment portfolios according to customers' risk appetite, with a minimum investment of HK$1,000 and no subscription fee.
Open Banking API Support: Complying with the Open Banking Framework of the Monetary Authority of Macao, integrating with third-party service providers to provide account management and financial service interoperability, especially in the areas of trade finance and cross-border payments.
Other innovations: Support for QR code payments, bonus package functionality, online account opening, and online loan applications to simplify customer operations. In 2024, banks will invest US$50 million to upgrade their digital platforms and strengthen cross-border payment and investment services.
Featured Services and DifferentiationBank
of China (Macau) is known for its unique role as a financial bridge between China and Portuguese-speaking countries:
Financial bridge between China and Portuguese-speaking countries, Supporting international remittance and trade finance (such as letters of credit and trade loans) in more than 100 countries, providing efficient solutions for importers and exporters and cross-border enterprises in Macao.
SME support: Provide one-stop financial solutions through BOC SME service to help SMEs save labor costs and improve financial management efficiency, participate in the SME Financing Guarantee Program of the Monetary Authority of Macao, and the loan approval can be as fast as 10 seconds, with an amount of up to HK$3 million.
Green Finance: Launched green bonds and preferential rate loans, supported environmentally friendly projects, and committed to achieving net-zero emissions by 2050 in line with the UN Principles for Responsible Banking.
Wealth Management: Provide individual pension funds, unit trusts and insurance products, integrate with the global investment market, and provide high-net-worth customers with diversified choices.
Community Contribution: Enhance the financial literacy of customers and communities through financial education activities and community projects, such as supporting the development of the Guangdong-Hong Kong-Macao Greater Bay Area.
Market Position & AccoladesBank
of China (Macau) is a leader in Macau's banking industry, with a net profit of approximately MOP585.1 million (approximately US$73 million) in 2024, accounting for nearly half of the business share of Macau's banking industry, ranking among the top in the market. As part of the Bank of China Group, the bank is backed by a parent company with global assets of more than US$3 trillion and ranked high on the Forbes Global 2000 list in 2023. As one of the legal note-issuing banks in Macau, BOC Macau shares the responsibility of currency issuance with Banco Nacional Ultramarino and has a unique market position. Major accolades include:
World Finance's "Best Commercial Bank" and "Best Retail Bank in Macau" awards in 2020.
The Asian Banker 2023 "Best Cross-Border Financial Service Awards".
The Banker's 2024 Asia Pacific Bank of the Year award.
Bank of China (Macau)'s solid financial performance and innovation capabilities have made it a leader in the financial markets of Macau and the region.
SummaryBank
of China (Macau) Limited is a commercial bank with a long history, known for its outstanding performance in its role as a financial bridge between China and Portuguese-speaking countries and the support of the local community. The bank offers a wide range of deposit and loan products, including high-yield savings accounts, fixed deposits, and flexible mortgages and personal loans, to meet the diverse needs of customers. In terms of digital services, the BOC Macau App has been praised for its efficient real-time transfer and investment management features. Technological innovations, including AI-driven customer service, open banking APIs, and QR code payments, demonstrate its determination to digitally transform. With its SME support, green finance commitment and multiple industry accolades in 2020 and 2024, Bank of China (Macau) continues to demonstrate strong competitiveness and influence in the financial markets of Macau and the Guangdong-Hong Kong-Macao Greater Bay Area.
