Export-Import Bank of China, NAB sign memorandum of understanding

Tuesday 18 November 2014 13:50 CET | News

National Australia Bank (NAB) and the Export-Import Bank of China have signed a memorandum of understanding, supporting greater collaboration between the two parties.

The memorandum has been signed by NAB Chairman Michael Chaney and Export-Import Bank of China Chairman and President Li Ruogu at a ceremony in Parliament House, Canberra attended by Chinese President Xi Jinping and Prime Minister Tony Abbott.

The memorandum will enhance coordination between the two banks in a number of areas, including syndication, project finance, daily FX trading, derivative trading and export/import credit.

NAB was the first Australian bank to establish a presence in China in 1982, and this memorandum is the fifth cross-border financial services collaboration that NAB has undertaken in China. NAB’s approach in Asia is relationship-driven, supporting Australian business in Asia and Asian business in Australia.

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Keywords: Export-Import Bank of China, NAB, Memorandum of Understanding, agreement, online payments, Customers, cross-border
Categories: Payments & Commerce
Countries: World
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