NBP signs MoU with major Chinese entities to explore opportunities
BUSINESS RECORDER • • 1 min read
Business Recorder reported that National Bank of Pakistan has signed a memorandum of understanding with PowerChina|Integrity Energy Storage (Shanghai) Technology Co Ltd, known as I²-ESS, based in China. The agreement was inked at the bank's head office on October 12, 2026. It sets out a framework for teaming up on SME lending, commercial and corporate finance, lead generation and cross-selling of banking products.
The deal is aimed at linking prospective borrowers, especially firms in renewable energy and energy storage, with NBP's financing solutions. Under the arrangement, NBP would be chosen as the first port of call for financing deals sent over by the Chinese firm. Both sides will also look at green financing and other viable projects in line with NBP's priorities.
Imran Sarwar, President of NBP, attended the signing alongside senior bank executives and representatives of the Chinese group. The MoU is described as a step toward stronger institutional ties focused on mutually beneficial deals in emerging and sustainability-oriented sectors.
At a glance
- NBP signed a memorandum of understanding with PowerChina|I²-ESS on October 12, 2026.
- The pact covers SME, commercial and corporate financing, lead generation and cross-selling.
- The bank would be a preferred partner for financing referred by the Chinese company.
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Originally reported by BUSINESS RECORDER
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