Banco Nacional Ultramarino S. A. (BNU) officially inaugurated its Hengqin Branch in Hengqin Headquarter Building on 18th January 2017.
The BNU Hengqin Branch will be an innovative step in strengthening the economic cooperation between Guangdong and Macau, since it will be:
--The first Macau local bank opening a branch in Mainland China--
The first bank entering into Mainland China with the Renminbi business permitted immediately, thanks to the "Agreement between the Mainland and Macao on Achieving Basic Liberalization of Trade in Services in Guangdong" under the "Mainland and Macao Closer Economic Partnership Arrangement" (CEPA)
The first international banking group opening a branch in Hengqin Free Trade Area.
The opening of BNU Hengqin Branch is an excellent example for the cooperation between Guangdong and Macau, by establishing a branch in Mainland China under the preferential policies of CEPA. Supported by its parent company Caixa Geral de Depósitos Group (CGD), BNU will, through the extensive financial network of CGD in the Portuguese Speaking Countries (PSCs), assist Macau enterprises in expanding their businesses into Mainland China, promote a closer cooperation between Macau and Guangdong Province, and support the consolidation of Macau as a service platform for the PSCs'economic and trade cooperation.
"The Hengqin Branch is a milestone in expanding our financial services offering to Guangdong Province. We are committed in providing high-quality financial services such as traditional deposit and loan services, foreign exchange settlement and trade financing,"said Mr. Pedro Cardoso, "As the first international financial group to enter Hengqin Free Trade Area, we are very confident about the future of Hengqin within the overall development of the Pearl River Delta Region."
BNU has been witnessing Macau's economic transformation and take-off. Welcoming our 115th anniversary, BNU will spare no effort to continually promote the economic cooperation between China and PSCs.