Meezan Bank, Pakistan’s leading Islamic bank and one of the largest banks in the country has signed a Memorandum of Understanding (MoU) with Bank CenterCredit (BCC), one of Kazakhstan’s prominent financial institutions, to strengthen correspondent banking relations and support the growing volume of bilateral trade between Pakistan and Kazakhstan.
The MoU outlines a framework for collaboration in areas including trade finance, cross-border payments, and facilitation of financial services for corporate and commercial clients operating between the two markets. Through this collaboration, both banks aim to improve access to banking channels, support exporters and importers, and explore new opportunities to foster economic cooperation.
The agreement reflects the commitment of Meezan Bank and Bank CenterCredit to deepen regional financial integration and contribute to increased trade and investment flows between Pakistan and Kazakhstan.
“This MoU represents an important milestone in strengthening financial ties between Kazakhstan and Pakistan. Enhanced correspondent banking cooperation will play a vital role in supporting bilateral trade and fostering closer economic relations,” said Meezan Bank Transaction and International Banking Group Head Muhammad Abdullah Ahmed.
“We are pleased to partner with our Pakistani counterparts to expand correspondent banking services and explore new opportunities for collaboration. This partnership will help create more efficient and secure banking channels for businesses and financial institutions in both countries,” added Bank CenterCredit President Ruslan Vladimirov.
Both banks reaffirmed their commitment to operating in accordance with international regulatory, compliance, and risk management standards.