HBL and the Bank of China (BOC) signed a Memorandum of Understanding (MoU) for strategic cooperation at the BOC headquarters in Beijing, China.
Liu Jin, vice chairman and president of Bank of China, Sultan Ali Allana, chairman of HBL, and Muhammad Aurangzeb, president and CEO of HBL represented their respective institutions.
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The signing of the strategic cooperation memorandum signifies HBL and BOC’s commitment to drive economic empowerment and regional connectivity, said a press release.
The collaboration between HBL and BOC will facilitate Bangladeshi businesses with seamless trade opportunities, enhance their international business network, and help grow their operations locally and overseas.
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HBL and BOC will further benefit businesses operating in South Asia, Middle East, Central Asia, and Africa. Both the organisations will work to deepen strategic cooperation in the areas of Environmental, Social & Governance (ESG), technology, and training, reads the release.
Bank of China is a premier bank in China with presence in over 60 markets around the world while HBL serves over 15 global markets with dedicated China desks and branches in Beijing and Urumqi.