Bank of China Partners with Israeli Bank to Extend Credit to Israeli Companies
The Bank partnered with Israel’s Bank Leumi, one of the two largest banks in Israel. According to the deal, the two banks will collaborate to extend credit up to $200 million to Israeli companies operating in China
Golan Hazani | 10:24 04.12.2017
Bank of China signed a partnership agreement with Israel’s Bank Leumi to co-fund Israeli companies working in China, Bank Leumi announced Sunday. Bank of China is one of China’s four largest banks and is considered the second largest lender in the country. Bank Leumi is one of the two largest banks in Israel.
For daily updates, subscribe to our newsletter by clicking here.According to the agreement, Israeli companies which have operations in China could receive local credit directly from Bank of China, based on guarantees from Bank Leumi, or through a joint credit line extended by the two banks.