Local Portuguese lender BNU said this week that it was “ideally placed” to promote bilateral trade and investment between China and Portuguese-speaking Countries (PSCs) in line with the central government’s Belt and Road (B&R) Initiative.
Paulo Macedo, CEO of Lisbon-based Caixa Geral de Depositos (CGD), made the remarks in a speech addressing BNU’s 115th anniversary reception at Galaxy Macau’s JW Marriott Macau hotel in Cotai.
BNU is wholly owned by CGD.
Macedo pointed out that CGD is Portugal’s leading bank that is present in seven of the PSCs “with a leadership position in five”. Macedo emphasised that BNU maintains close ties with PSCs through CGD’s extensive banking network.
