Public Bank, Bank Central Asia to collaborate
Published on: Tuesday, November 25, 2014
Public Bank Berhad and PT Bank Central Asia, Tbk, Indonesia took a step forward Monday to further strengthen the business collaboration between the two banks in various strategic areas of cooperation by entering into a non-exclusive Memorandum of Understanding on Business Collaboration (MoU). The MoU was officially inked by Dato' Chang Kat Kiam, Senior Chief Operating Officer of Public Bank, and Mrs. Dhalia M. Ariotedjo, Director of Bank Central Asia. A delegation from Bank Central Asia, Jakarta together with selected Senior Management Staff of Public Bank witness this signing ceremony. The primary objective of the business collaboration is to leverage upon the respective strengths expertise and networks of Public Bank and Bank Central Asia in order to enable the two banks and their respective affiliates to build deeper business relationship and promote to their respective customers appropriate banking products and services in Malaysia and Indonesia, particularly cross border banking transactions and services, which include amongst others, cross border trade settlements, remittance clearance services and referrals and offshore banking services. ADVERTISEMENT Stay up-to-date by following Daily Express’s Telegram channel.
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With the advent of the Asean Economic Community (AEC), Asean countries are expected to experience greater mobility of goods, services, investments and people. Banking services are envisaged to be pivotal in support of the Asean blueprint. The business collaboration between Public Bank and Bank Central Asia will strengthen the banking services support to the existing and new customers of both banks, not just in Malaysia and Indonesia, but also in countries and locations where both banks have presence of operations.