NAB to help China's ADB in rural operations

August 09, 2008

NATIONAL Australia Bank and the Agricultural Development Bank of China have struck a deal to share rural banking expertise and training staff...

The banks -- Australia's biggest rural lender by assets and China's sole rural policy lender -- would probably expand their co-operation in future into areas including trade finance, agricultural infrastructure finance, and the development of banking products, National Australia Bank chief executive John Stewart said.

Under the deal, Agricultural Development Bank would gain knowledge of Australia's rural sector and its rural banking market, bank president Zheng Hui said.