|
|
BOC-RBS partnership to maintain |
 |
+ |
- |
15:54, October 14, 2008 |
The Bank of China announced Monday Oct. 13 that it would continue its strategic partnership with the Royal Bank of Scotland (RBS) which is hit hard by the financial crisis and will be partly nationalized.
Holding 8.25 percent of BOC shares, RBS is the largest foreign shareholder of Bank of China. Wang Zhaowen, spokesperson of BOC, said that Bank of China had noticed the British government's initiative of injecting 37 billion pounds into the three biggest banks. RBS will get 20 billion and the remaining 17 billion will go to HBOS and Lloyds TSB.
Wang said the cooperation between BOC and RBS had achieved good results since 2005 when RBS became the strategic partner of BOC. The spokesperson added that BOC would like to work with RBS to push the strategic partnership forward.
By People's Daily Online
|
|
|
Comment
Tell A Friend
Print Format
Save Article