HBL, Bank of China to boost cooperation

BEIJING: The Bank of China, a major Chinese bank and Habib Bank Limited (HBL) have agreed to further expand existing cooperation in banking sector and for participation in syndication.

The decision to this effect was taken in meetings with senior officials of Bank of China and the visiting HBL team comprising Group Executive Corporate, Investment Banking and Financial Institution division led by Sima Kamil.

At these meetings Sima Kamil gave a detailed account of investment opportunities Pakistan offers especially in Power, Infrastructure, Cement, Oil & Gas, and Communication as well as in financial sectors, said Chief Representative of HBL Mohammad Aslam here on Thursday.

She also informed about the potential for acquisition in various sectors in Pakistan for the customers of Bank of China. Both banks agreed to further existing cooperation particularly participation in syndication.

Meanwhile, while holding meeting with senior management of China Investment Capital Corporation, the 3-member HBL team discussed various matters pertaining to mutual interest. It was agreed for more exchanges of information about clients interest from China and potential investment opportunities in Pakistan.
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