HBL and Bank of China sign MoU to enhance regional
connectivity
HBL (Habib Bank Limited) and the Bank of China (BOC) have
officially signed a Memorandum of Understanding (MoU) for strategic cooperation
at the BOC headquarters in Beijing, China. The signing ceremony was attended by
key representatives, including Liu Jin, Vice Chairman & President of the
Bank of China, Sultan Ali Allana, Chairman of HBL, and Muhammad Aurangzeb,
President & CEO of HBL.
This
strategic cooperation agreement underscores the joint commitment of HBL and BOC
to foster economic empowerment and enhance regional connectivity. The
collaboration is expected to streamline trade opportunities seamlessly,
providing significant benefits to businesses across South Asia, the Middle
East, Central Asia, and Africa.
Bank
of China branch opens in Islamabad
In
addition to promoting trade, the two institutions will focus on strengthening
strategic collaboration in areas such as Environmental, Social & Governance
(ESG), technology, and training initiatives.
The Bank of China, recognized as a premier bank in China with a presence in over 60 markets worldwide, joins forces with HBL, which serves more than 15 global markets and has dedicated China desks along with branches in Beijing and Urumqi.
Source: Business Recorder