Mexico’s Grupo Financiero Banorte has signed a cooperation agreement with China Development Bank, its first with a Chinese lender. The agreement will give both banks access to bank payment and transfer service in México, China and the USA.
“With this agreement China Development Bank will have reciprocal access to Banortes service platform and solid banking business in Mexico and the USA”.
Additionally the agreements includes reciprocal management training, know how and experience exchange, as well as mutual beneficial finance and investment promotion.
This agreement adds to a series of similar agreements Mexico’s Banorte has in place with similar institutions in Japan, Brazil and Spain.
Source: FiNETIK, 12.02.2009
Filed under: Banking, China, Mexico, News, Banking System, BMV Bolsa Mexicana de Valores, CDB China Development Bank, China 中国, GF Banorte, Latin America, MexDer, Mexico, Retail Investors, Trade
[...] to 3.5 million accounts. In February 2009 it signed an cooperation agreement with China Development Bank,giving both banks access to bank payment and transfer service in México, China and the USA. (Note by FiNETIK, [...]