BAKAI BANK Hong Kong and EDB sign MoU
09 November 2026 Hong Kong
Image: BAKAI BANK Hong Kong
BAKAI BANK Hong Kong has signed a Memorandum of Understanding (MoU) with the Eurasian Development Bank (EDB) to cooperate across treasury operations and trade finance.
According to the firms, the agreement is intended to support cross-border financial activities between Central Asia and the Asia-Pacific region.
Under the framework, the organisations will explore cooperation in treasury and liquidity management, funding, and trade finance activities.
Areas of focus include liquidity management initiatives and currency hedging solutions for Central Asian businesses transacting in Chinese yuan (RMB).
The parties will also examine opportunities for long-term investments through bonds and credit lines, as well as the use of additional high-quality collateral to support funding and treasury operations.
Additionally, the agreement covers trade finance and co-financing activities, including letters of credit, bank guarantees, cross-border settlement solutions, multilateral co-financing arrangements, and other trade finance facilities aimed at supporting regional trade and infrastructure projects.
Andreas Meletiou, chief executive of BAKAI BANK Hong Kong, says: “This MOU with EDB is a milestone in our mission to bridge Central Asia and the Asia Pacific through dedicated financial intermediation.
“As the first Central Asian bank to power specialised cross-border financial solutions in the region, we are uniquely positioned to advance RMB internationalisation in line with Hong Kong's broader strategic agenda, while delivering tailored solutions that address long-unmet corporate needs.”
Aitalina Zhirkova, senior managing director and head of funding at EDB, adds: “This partnership with BAKAI BANK Hong Kong represents a significant step in our strategy to deepen economic ties between the two regions.
“By leveraging BAKAI BANK’s presence in Hong Kong alongside EDB’s extensive regional footprint, we share a firm commitment to delivering innovative trade finance and treasury solutions that will facilitate seamless cross-border trade and capital flows.”
According to the firms, the agreement is intended to support cross-border financial activities between Central Asia and the Asia-Pacific region.
Under the framework, the organisations will explore cooperation in treasury and liquidity management, funding, and trade finance activities.
Areas of focus include liquidity management initiatives and currency hedging solutions for Central Asian businesses transacting in Chinese yuan (RMB).
The parties will also examine opportunities for long-term investments through bonds and credit lines, as well as the use of additional high-quality collateral to support funding and treasury operations.
Additionally, the agreement covers trade finance and co-financing activities, including letters of credit, bank guarantees, cross-border settlement solutions, multilateral co-financing arrangements, and other trade finance facilities aimed at supporting regional trade and infrastructure projects.
Andreas Meletiou, chief executive of BAKAI BANK Hong Kong, says: “This MOU with EDB is a milestone in our mission to bridge Central Asia and the Asia Pacific through dedicated financial intermediation.
“As the first Central Asian bank to power specialised cross-border financial solutions in the region, we are uniquely positioned to advance RMB internationalisation in line with Hong Kong's broader strategic agenda, while delivering tailored solutions that address long-unmet corporate needs.”
Aitalina Zhirkova, senior managing director and head of funding at EDB, adds: “This partnership with BAKAI BANK Hong Kong represents a significant step in our strategy to deepen economic ties between the two regions.
“By leveraging BAKAI BANK’s presence in Hong Kong alongside EDB’s extensive regional footprint, we share a firm commitment to delivering innovative trade finance and treasury solutions that will facilitate seamless cross-border trade and capital flows.”
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