First Bank Signs MOU With Chinese Bank

02.02.2008

IN its bid to further strengthen its leadership position in the financial services sector of the economy, Nigeria's premier Bank, First Bank of Nigeria Plc, has signed a Memorandum of Understanding (MoU) with China Construction Bank (CCB).

According to the document signed by the management of the two banks, the two institutions would work together to further strengthen the business cooperation between both parties within the framework of each party's respective articles and memorandum of association and applicable laws and regulations.

The MoU covers areas such as Credit Lines, Trade Finance, Syndication and Project Finance, Consultancy Services, Sharing of Business Experience, Training and Foreign Exchange Transactions.