KUALA LUMPUR: Malayan Banking Bhd is offering trade financing in ringgit to customers in China through its branches in Beijing and Shanghai, making it the first bank to offer such a facility there.
It said on Tuesday customers in China - which is its third largest trading partner -- could settle their cross-border trade transactions with their Malaysian counterparts directly in ringgit.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!