22 October 2020

UniCredit announces a business cooperation agreement with the Industrial and Commercial Bank of China, covering both China and UniCredit’s home markets

2:00 Min

UniCredit and Industrial and Commercial Bank of China (ICBC) have signed a Memorandum of Understanding with the purpose of establishing and developing a long-term non-exclusive cooperation relationship between the two banks in order to promote business opportunities in China, Italy, Germany, Austria and the CEE region. 

It will also enhance cooperation in the areas of trade, investment, overseas project contracting, cross-border mergers and acquisition financing, financing services and debit capital markets.

Gianfranco Bisagni, Co-CEO, Central and Eastern Europe UniCredit, said: “UniCredit is proud to be a key partner of the real economy, supporting our clients in their international expansion with a full range of products and services. China is the second largest trade partner for the eurozone and a market we have been present in since 1982. Today’s announcement will further enrich our client solutions and promote mutual business development through international growth.”