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  • Pakistani Habib bank establishes new branch in Xinjiang
    2017-05-17    source:Chinadaily    author:

    A branch of Pakistani Habib Bank opened in March in Northwest China's Xinjiang Uygur autonomous region.

    It is the bank's first branch in China, mainly providing financial support to China-Pakistan Economic Corridor projects, according to the Xinjiang regional banking regulatory bureau.

    Located in the Urumqi High-tech Industrial Development Zone, the bank mainly accepts public deposits, offers loans, deals in government bonds, provides credit guarantees, and handles foreign currency exchange, the bureau said.

    Habib Bank, the largest bank in Pakistan, had total assets of about $21 billion at the end of 2015.