BGK to cooperate with world's largest bank

State-owned lender BGK has started strategic cooperation by signing a Memorandum of Understanding with Industrial and Commercial Bank of China (ICBC), the biggest bank in the world by total assets and market capitalization. The signing of the deal was attended by the President of Poland, Andrzej Duda and the President of the People's Republic of China, Xi Jinping. The deal stipulates establishing multidimensional and strategic cooperation between the two entities, including sharing know-how and experience in the fields of financing large scale investment projects,   developing industrial parks and granting guarantees for large companies. "I am convinced that ICBC's global network and experience will provide many opportunities to work together, whether on projects such as bond issues, managing capital fund investments or sharing knowledge about the Chinese market and investment banking products," said Dariusz Kacprzyk, CEO, BGK.