Mashreq unveils RMB services

Published: Thu 26 Jul 2012, 11:06 PM

Last updated: Tue 7 Apr 2015, 2:39 PM

Julio De Quesada, head of Corporate Investment Banking Group, Mashreq said: “Introducing the offshore RMB account services to our customers is an extension of our commitment to offer sophisticated financial services and to enrich our existing suite of Global Transaction Products & Services. Trade with China is booming and is expected to hit $100 billion by 2015. This service will facilitate the growth, encouraging Middle Eastern companies to settle their transactions in RMB with Chinese counterparties aiding the growing trade with China.”

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