National Bank of Pakistan and Industrial & Commercial Bank of China, Pakistan have entered into an MoU on bilateral cooperation. The collaboration marks ICBC’s completion of five years in Pakistan. The two entities have agreed to enhance focus on developing niches and creating synergies. They will focus on trade finance, cash management and international payments, corporate lending and project financing, infrastructure financing, investment banking & RMB services. The two banks have also agreed to expand their business cooperation in other regions globally. NBP is one of Pakistan’s largest financial institutions with 1,403 branches and a presence in 20 countries spanning the globe.
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