Macau’s BNU bank and IPIM team up to promote business between China and Portuguese-speaking countries

18 October 2019

Banco Nacional Ultramarino (BNU) has signed an agreement with the Macau Trade and Investment Promotion Institute (IPIM) to boost business between China and Portuguese-speaking countries, the bank’s chief executive said on Thursday in Macau.

Carlos Álvares recalled that BNU has already signed protocols with other entities, namely other banks, and told Portuguese news agency Lusa that, “this understanding with IPIM can be an asset for Portuguese and Portuguese-speaking companies, as well as companies in the nine cities of the Greater Bay that are closest in terms of the possibility of doing business.”

The official noted that “BNU is part of a group, Caixa Geral de Depósitos, the largest bank in Portugal, and (…) is in first place in five of the Portuguese-speaking countries.”

“By pooling these efforts between CGD in Portuguese-speaking countries and Portugal, BNU and IPIM, here in Macau and other Chinese banks (…) it will certainly be possible to increase the value of business between these countries,” as well as “investment,” he said. (Macauhub)