国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

 
Kenya bank to open office in China to facilitate Sino-Africa trade
                 Source: Xinhua | 2019-03-07 19:49:49 | Editor: huaxia

File photo taken on June 22, 2017 shows Kenya Commercial Bank (KCB) along Kenyatta Avenue in Nairobi, capital of Kenya, June 21,2017. (Xinhua/John Okoyo)

NAIROBI, March 7 (Xinhua) -- Kenya Commercial Bank (KCB), a regional financial institution, plans to open a representative office in China in order to lower cost of Sino-Africa trade, officials said Wednesday.

Lawrence Kimathi, KCB Group chief finance officer told Xinhua in Nairobi they are currently in discussions with Chinese government officials and the office should be in place by June.

"We hope to use the office to lower cost of transaction between the Chinese and East African business community by enabling payment for imports and exports in local currencies," Kimathi said when KCB Group released financial results for the full year 2018.

KCB Group has presence in Kenya, Uganda, Tanzania, Rwanda, Burundi and South Sudan.

The regional bank also plans to introduce Chinese yuan in all its countries of operations by the end of the year. Kimathi noted that increasing Sino-Africa trade has created demand for Chinese currency.

He added that the availability of the Chinese yuan, or renminbi, will remove the need for Chinese and East Africa businesses to trade in goods and services using foreign currency such as the U.S. dollar.

"The overall objective of having Chinese yuan locally is to reduce the cost of transaction between East Africans and the Chinese business community," he said.

According to the KCB Group financial results for 2018, the institution recorded a net profit of 24 billion shillings (240 million U.S. dollars), which is a 22 percent increase from the results posted in 2017.

On the balance sheet position, the regional bank maintained its market leadership status as the biggest financial institution in East Africa as its assets surged 10 percent to 7.14 billion dollars.

Back to Top Close
Xinhuanet

Kenya bank to open office in China to facilitate Sino-Africa trade

Source: Xinhua 2019-03-07 19:49:49

File photo taken on June 22, 2017 shows Kenya Commercial Bank (KCB) along Kenyatta Avenue in Nairobi, capital of Kenya, June 21,2017. (Xinhua/John Okoyo)

NAIROBI, March 7 (Xinhua) -- Kenya Commercial Bank (KCB), a regional financial institution, plans to open a representative office in China in order to lower cost of Sino-Africa trade, officials said Wednesday.

Lawrence Kimathi, KCB Group chief finance officer told Xinhua in Nairobi they are currently in discussions with Chinese government officials and the office should be in place by June.

"We hope to use the office to lower cost of transaction between the Chinese and East African business community by enabling payment for imports and exports in local currencies," Kimathi said when KCB Group released financial results for the full year 2018.

KCB Group has presence in Kenya, Uganda, Tanzania, Rwanda, Burundi and South Sudan.

The regional bank also plans to introduce Chinese yuan in all its countries of operations by the end of the year. Kimathi noted that increasing Sino-Africa trade has created demand for Chinese currency.

He added that the availability of the Chinese yuan, or renminbi, will remove the need for Chinese and East Africa businesses to trade in goods and services using foreign currency such as the U.S. dollar.

"The overall objective of having Chinese yuan locally is to reduce the cost of transaction between East Africans and the Chinese business community," he said.

According to the KCB Group financial results for 2018, the institution recorded a net profit of 24 billion shillings (240 million U.S. dollars), which is a 22 percent increase from the results posted in 2017.

On the balance sheet position, the regional bank maintained its market leadership status as the biggest financial institution in East Africa as its assets surged 10 percent to 7.14 billion dollars.

010020070750000000000000011100001378762901
主站蜘蛛池模板: 梨树县| 张掖市| 莱芜市| 桃园县| 嘉祥县| 大关县| 遂川县| 通道| 广平县| 屯门区| 嘉黎县| 鱼台县| 淳安县| 宜阳县| 冕宁县| 湟中县| 柏乡县| 历史| 大宁县| 抚宁县| 明水县| 广灵县| 武夷山市| 加查县| 武功县| 定陶县| 土默特左旗| 乐山市| 都昌县| 阳原县| 沅陵县| 仪征市| 西乡县| 和林格尔县| 册亨县| 双鸭山市| 万盛区| 天津市| 新干县| 巫溪县| 鹤庆县|