King opens new commercial bank

The Pacific International Commercial Bank (PICB), Tonga’s newest bank, was opened by HM King Tupou VI this afternoon, April 7, at Loumaile Lodge, Nuku’alofa.

The Chinese-Tongan bank venture is a partnership between a Chinese businessman and majority shareholder Mr Jianhua Hu who was present at the event with Princess Pilolevu Tuita. The other shareholder is Mr Zhang Xueyan.

via King opens new commercial bank | Matangi Tonga.