24/10/2024
The Strategic Alliance between Royal Investment Bank of Kelantan and China BeiDou Telecommunications Company
As part of the latest developments in international finance and telecommunications, the Royal Investment Bank of Kelantan (RIBK) is pleased to announce its strategic collaboration with China BeiDou Telecommunications Company. This partnership is key to driving forward RIBK’s ambitions in the global financial landscape, particularly in the BRICS-related initiatives.
RIB China, a subsidiary of the Royal Investment Bank of Kelantan, will spearhead the project, ensuring efficient management and ex*****on of the initiatives in line with the goals of this cooperation. The primary focus will be on strengthening financial operations, digital connectivity, and modern infrastructure in BRICS nations and beyond.
In recent years, the New Development Bank (BRICS Bank) has made significant strides in financing sustainable development projects, bringing together emerging economies for greater prosperity. Through this collaboration, RIBK and BeiDou aim to leverage advanced telecommunications technology to enhance the operational capacity of BRICS nations in global finance.
This alliance further cements the role of RIBK in contributing to the economic integration of key players in the international arena, ensuring that its investments are at the forefront of modern financial solutions. With the launch of new banknotes and expanded international cooperation, we look forward to pioneering innovative projects that benefit both the public and private sectors.
Dr Lord Arash Nassouri, President of the Royal Investment Bank of Kelantan, October 2024