Image shows Chang (left) and Ariotedjo exchanging the MOU after the signing ceremony in Menara Public Bank yesterday.
KUCHING: Public Bank Bhd (Public Bank) and PT Bank Central Asia (Bank Central Asia), Indonesia took a step forward to further strengthen the business collaboration between the two by entering into a non-exclusive Memorandum of Understanding (MOU).
According to a press release, the MOU between Public Bank and Bank Central Asia was officially inked by Datuk Chang Kat Kiam, senior chief operating officer of Public Bank, and 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 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.
This particularly focuses on cross border banking transactions and services, which include amongst others cross border trade settlements, remittance clearance services and referrals and offshore banking services, it said in a statement yesterday.
“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.”