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 and will strengthen the ironclad brotherhood between the two nations.
Mr. Saeed Ahmad, President and CEO, NBP 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, Country Head & CEO BOCP 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.
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.