National Bank of Pakistan (NBP) signed a
Memorandum of Understanding (MoU) with PowerChina|Integrity Energy Storage
(Shanghai) Technology Co. Ltd. (I²-ESS), China, at NBP Head Office (HO) on
October 12, 2026. The MoU aims to establish a framework for collaboration in SME,
commercial and corporate financing, lead generation, cross-selling of banking
products and services and the exploration of future opportunities in green financing.
The signing ceremony was attended by Mr. Imran Sarwar, President of National
Bank of Pakistan, Ms. Naushaba Shahzad, Group Chief IDG , Mr. Usman Shahid,
Group Chief CIBG , Mr. Hamad Rasool, RE-ID Faisalabad and Mr. Si Min Zhou,
Global Chairman and Mr. Chengyang Yao, Chairman South Asia, representing
PowerChina|I²-ESS.
The MoU reflects a shared interest in exploring business opportunities by connecting
prospective borrowers, particularly businesses operating in renewable energy,
energy storage and allied sectors, with NBP’s banking and financing solutions.
Through this collaboration, both organizations aim to identify commercially viable
opportunities that support business growth and contribute to the development of
sustainable energy-related industries. The arrangement also envisages positioning
NBP as a preferred banking partner for financing opportunities referred by
PowerChina|I²-ESS. The collaboration is further expected to create opportunities for
cross-selling NBP’s products and services, enabling the Bank to strengthen
customer relationships and expand its business outreach. In addition, both parties
will explore potential collaboration in green financing and other commercially viable
projects aligned with NBP’s strategic priorities and business objectives.
The MoU marks a step towards strengthening institutional collaboration between
NBP and PowerChina|I²-ESS with a focus on developing mutually beneficial
business opportunities and exploring financing solutions for enterprises operating in
emerging and sustainability-oriented sectors.
