BNU and Bank of China join forces for business in Portuguese-speaking countries

26 June 2015

Banco Nacional Ultramarino (BNU) and the Bank of China, the two issuing banks in Macau, Thursday signed a cooperation protocol to promote business between China and the Portuguese-speaking countries.

Pedro Cardoso, managing director of BNU, said at the time that the agreement was a way of the two banks to help Macau became a true platform for cooperation between China and Portuguese-speaking countries, in the economic area.

Cited by Rádio Macau, Cardoso said the Bank of China had a vast network in the Chinese territory and the Caixa Geral de Depósitos group, of which BNU is a part, has “some very significant assets” such as being the leading bank in five of the seven Portuguese-speaking countries where it does business.

Cardoso said BNU was open to new social responsibility partnerships and that the bank considers as one of its duties.

The cooperation protocol was signed by Ronald Kan, Executive Director of BNU and Ip Sio Kai, deputy director general of the Bank of China Macau. (macauhub/CN/MO/PT)