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BRICS Bank, China Construction Bank Sign Memorandum on Cooperation

Sputnik International

The BRICS New Development Bank (NDB) and China Construction Bank (CCB) signed on Wednesday a memorandum on strategic cooperation, the NDB said in a statement. 08.06.2016, Sputnik International

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BRICS Bank, China Construction Bank Sign Memorandum on Cooperation

14:14 GMT 08.06.2016 (Updated: 14:15 GMT 08.06.2016)

The BRICS New Development Bank (NDB) and China Construction Bank (CCB) signed on Wednesday a memorandum on strategic cooperation, the NDB said in a statement.

BEIJING (Sputnik) — The agreement to strengthen bilateral business ties was signed by NDB President K.V. Kamath and CCB Chairman Wang Hongzhang.

Group photograph of BRICS leaders and the leaders of the invited states - Sputnik International

Brazil’s Cooperation With BRICS to Remain Unchanged Amid Political Crisis

24 May 2016, 02:38 GMT

The NDB has similar agreements with the Brazilian Development Bank (BNDES) and the Industrial Credit and Investment Corporation of India (ICICI), signed in July 2015 and in May 2016 respectively.

The NDB was established by BRICS member states, namely Brazil, Russia, India, China and South Africa, in July 2014, to finance infrastructure and sustainable development projects in BRICS and other developing countries.