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UOB, Shanghai Pudong bank ink MOU to target Belt and Road companies

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Published Wed, Sep 5, 2018 · 09:50 PM

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Singapore

UNITED Overseas Bank (UOB) has signed a memorandum of understanding (MOU) with Shanghai Pudong Development Bank (SPD) to serve companies hoping to tap opportunities from the Belt and Road Initiative.

Under the agreement, the two banks will collaborate on solutions that cover investment advisory, cross-boarder renminbi transactions, syndicated loans, project and trade finance and cash settlement.

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