The Memorandum of Understanding builds on existing partnership and seeks to explore further opportunities arising from the Belt and Road Initiative (BRI)
Commerzbank aims for business volume of USD 5bn over the next five years linked to BRI projects
The framework covers Project Financing, Capital Markets and Trade Finance
Nikolaus Giesbert: “Commerzbank’s strong distribution capabilities in Europe combined with ICBC’s knowledge of the Chinese market will add value for German and European corporates along the trading corridors”
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