The NAB has announced the signing of a Memorandum of Understanding (MoU) with the China Development Bank (CDB) that will allow for greater collaboration between the two companies.

The NAB says the MoU will allow for closer corporate ties between the two companies across a number of areas, including ncluding major projects relating to natural resources, infrastructure, agriculture and technology. Further collaboration across trade finance, capital markets, foreign exchange as well as business training programs will also be explored.

Commenting on the signing, Mark Joiner, Executive Director Finance, NAB said: “The agreement is an important milestone in extending the Bank’s relationship with strategic partners in China. The relationship recognises the Bank’s commitment to expanding our capabilities around the needs of our customers in both China and Australia”.