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Land Bank of Taiwan, Bank of China sign MOU

Land Bank of Taiwan, Bank of China sign MOU

Taipei, Nov. 7 (CNA) Land Bank of Taiwan and Bank of China signed a memorandum of understanding on business cooperation Monday. Land Bank Chairman Wang Yao-hsing and Bank of China Chairman Xiao Gang signed the MOU in Beijing, pledging to establish long-term cooperation ties and open a new chapter in their business together, the Taiwanese bank said in a press release. Lank Bank of Taiwan, Taiwan's fourth largest bank, said that it will establish cooperative relations with the Chinese bank within legal bounds in the areas of cash management, loan facilities, trade financing and investment services. Land bank said its Hong Kong branch opened a Chinese yuan settlement account in a Bank of China branch, and the two banks have maintained good relations. (By Kao Chao-fen and Lilian Wu)


Updated : 2021-07-25 02:44 GMT+08:00