Home Business NATIONAL BANK OF PAKISTAN AND BANK OF CHINA SIGN MOU TO ENHANCE...

NATIONAL BANK OF PAKISTAN AND BANK OF CHINA SIGN MOU TO ENHANCE BANKING SERVICES

NATIONAL BANK OF PAKISTAN AND BANK OF CHINA SIGN MOU TO ENHANCE BANKING SERVICES

Karachi, January 15, 2018: National Bank of Pakistan (NBP) and Bank of China Pakistan Operations (BOCP) signed a MoU to promote banking services in the country. The MoU will focus on developing niches and creating synergies between the two institutions. The MoU will strengthen the ironclad brotherhood between the two nations.

The MoU was signed by Mr. Saeed Ahmad, President and CEO, NBP and Dr. Tao Li, Country Head & CEO BOCP. Also present on the occasion were Mr. Rehmat Ali Hasnie, Group Chief – Investment Banking, Syed Jamal Baquar, Group Chief – Corporate Banking, Mr. Shaikh Tariq Abdullah, Divisional Head – Financial Institutions, Mr. Muhammad Ahmed, Unit Head – FI, Mr. Danish Saeed Khan, Senior Relationship Manager – FI, Mr. Sheikh Raheel Ahmed, Relationship Manager – FI from NBP and Mr. Yin Xiaohu, Deputy CEO, Ms. Sun Hui, Head of Business Development Dept, Mr. Sun Youcheng, Deputy Head of Business Development Dept  & Mr. Talha Rizwan Relationship Manager, Financial Institutions from BOCP.

Mr. Saeed Ahmad, congratulated the management of BOC and said, “Both institutions have developed a strong mutually beneficial relationship and are willing to extend the bilateral cooperation. NBP believes that this MoU will further extend cooperation in the areas of trade finance, cash management and international transactions, corporate lending and project financing, infrastructure financing, investment banking and various other fields.”

Dr. Li expressed his pleasure to be a part of this memorable event, and stated that Bank of China has a long standing working relationship with NBP. It is the first MoU which BOCP has signed with any bank of Pakistan. BOCP is fully committed to Pakistan and is determined to deliver its excellent financial service to the not only the projects under CPEC and also the target local corporate clients residing in Pakistan.

Pak-China friendship is not only a sign of unity between the two countries but also a strong bond of mutual trust, tolerance and long lasting confidence which is acknowledged by the whole world. Being a trustworthy friend, China has always contributed to the growth and economic development of Pakistan.

The development of Gawadar Port and China Pakistan Economic Corridor (CPEC), is an example of China’s unconditional support towards Pakistan. Both countries have achieved significantly in the fields such as infrastructure construction, energy development, and people-to-people exchanges.

Bank of China is one of the world’s largest bank with total assets of more than USD 2.9 trillion. NBP is amongst the largest financial institution in the country with 1,456 branches in Pakistan and presence in 19 countries around the globe. Both sides believe that the cooperation will lead to a win-win situation to the two banks and the two nations.

Must Read

Mobilink Microfinance Bank joins the coveted global club of ACCA Approved Employers

Mobilink Microfinance Bank Ltd. (MMBL), Pakistan’s largest digital bank, has been recognized as an Approved Employer for its outstanding employee development and training initiatives...

TECNO brings exciting discount offers on Daraz Mobile Week 2021

Lahore – Friday, June 18, 2021: TECNO brings exciting offers for the fans on the Daraz Mobile Week 2021. There will be up to...

vivo Introduces Amazing Offers for Daraz Mobile Week 2021

vivo presents amazing offers to its customers in collaboration with Daraz.pk for Daraz Mobile Week 2021 starting from June 16, 2021. The customers are...

Jazz partners with Sinch to secure A2P messaging for its mobile subscribers

Sinch’s Managed SMS Firewall and A2P Services to deliver spam and fraud protection for 69 million Jazz subscribers     Islamabad – June 16, 2021: Sinch AB...

realme Brings Jaw Dropping Discounts on Daraz Mobile Week 2021

Lahore, Pakistan – Thursday, June 17, 2021: The month of June is getting more excited for realme fans as the company has brought in fantastic...