Pohjola to Intensify Cooperation with Bank of China
(Thomson Reuters ONE) -
Press release
Pohjola Bank plc
29 March 2012
Pohjola to Intensify Cooperation with Bank of China
Pohjola Bank plc has agreed to intensify cooperation with Bank of China, with
the aim of providing Finnish companies already operating in China or planning to
start China-based operations with competitive banking services in a more
flexible way. This operating model also supports Chinese companies in investing
in Finland.
The operating model is based on two-way partnership, which means that Bank of
China will open a China Desk in Pohjola's branch office in Helsinki, while
Pohjola will open a corresponding service outlet on Bank of China's premises in
Shanghai.
"This is the first China Desk agreement that Bank of China has concluded with a
European bank. Thanks to more intense cooperation, we will have an excellent
opportunity to improve Pohjola's international service capabilities in
accordance with our strategy. Chinese banking services and local expertise will
be closer to our customers," says Tarja Pitkänen, Senior Vice President in
charge of Pohjola Bank plc's
international services.
Pohjola entered into a partnership with Bank of China in 2008. In addition to
mutual customer referrals, the banks have agreed on cooperation in trade finance
and international payment services.
Not only is Bank of China the second largest bank in China but it also holds the
11th place in the world when measured by Tier 1 ratio. It is the most
international full-service commercial bank in China, with a total of some
11,000 branch offices.
For more information, please contact:
Tarja Pitkänen, Senior Vice President, Pohjola Bank plc, International Services
and Cash Management, tel. +358 (0)10 252 2241
Pohjola Bank plc is a Finnish financial services group which provides its
customers with banking, non-life insurance and asset management services. Our
mission is to promote the prosperity, security and wellbeing of our customers.
Profitable growth and an increase in company value form our key objectives.
Pohjola Group serves corporate customers in Finland and abroad by providing an
extensive range of financial, investment, cash-management and non-life insurance
services. We offer non-life insurance and private banking services to private
customers. Pohjola Series A shares have been listed on the Large Cap List of the
NASDAQ OMX Helsinki since 1989. The number of shareholders totals around
34,000. Pohjola's consolidated earnings before tax came to 258 million euros in
2011 and the balance sheet total amounted to 41 billion euros on 31 December
2011. Pohjola is part of OP-Pohjola Group, the leading financial services group
in Finland with over four million customers.
www.pohjola.com
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Source: Pohjola Pankki Oyj via Thomson Reuters ONE
[HUG#1598134]
Unternehmensinformation / Kurzprofil:
Datum: 29.03.2012 - 11:01 Uhr
Sprache: Deutsch
News-ID 129765
Anzahl Zeichen: 3618
contact information:
Town:
POHJOLA
Kategorie:
Business News
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"Pohjola to Intensify Cooperation with Bank of China"
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