Lenders ink deal
By Hu Xiaocen |
July 31, 2012, Tuesday
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Print Edition
Print Edition
SHANGHAI Pudong Development Bank and the Bank of Suzhou have signed a cooperative agreement to share resources and work together in various sectors, SPDB said in a statement yesterday. The Suzhou-based lender's assets had topped 121.6 billion yuan (US$19.2 billion) by the end of June. SPDB, with 2.8 trillion yuan of assets, will cooperate with the Suzhou lender in areas like corporate banking, interbank business, clearing agency, trade settlement, financing services and more.
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