Major bank makes further advance on Chinese market

by Mackenzie McCarty27 Feb 2013
She says the ‘business training programs’ mentioned above will involve courses teaching Australian bank staff how to deal with Chinese customers – and vice a versa.

Mark Joiner, executive director of finance at NAB, says the agreement is an ‘important milestone’ in extending the lender’s relationship with strategic partners in China.

“The relationship recognises the bank’s commitment to expanding our capabilities around the needs of our customers in both China and Australia”.

The memorandum is the fourth cross-border financial services collaboration that NAB has undertaken in China following an agreement with China Huarong Asset Management Company in 2011, Agricultural Development Bank of China and Shanghai Pudong Development Bank in 2008.

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