News

Hang Seng Bank held a Board of Directors meeting in Yantai City to express its strong commitment to mainland China. Yantai in Shandong province is home to one of the Bank's strategic partners, Yantai Bank.

Metrobank was presented with the STP or Straight-Through Processing Award 2008 by Commerzbank AG.

Maybank opened its fourth branch in Cambodia to reinforce its international network of over 400 offices in 13 countries. In addition, it has 384 branches in Malaysia as well as associates in Pakistan—the MCB Bank, and Vietnam—An Binh Bank.

City Union Bank intends to raise US$52.6 million over the next two years to fund its expansion plans with 70 additional branches.

Siam Commercial Bank launched a special campaign to stimulate housing demand with the Asian Property Development PCL.

HSBC is implementing new measures at its branches to segregate its general banking service areas from investment service areas. This is in line with new investor protection recommendations from the Hong Kong Monetary Authority. The new measures encompass clear zoning at HSBC branches between general banking and investment service areas.

NAB deployed a voice biometric identification and verification function aimed at delivering enhanced customer experience and security.

St.George Bank of Australia will reduce monthly account service fee from US$5.6 to US$4 per month. Additionally customers who deposit at least US$1610 per month into their account will have their monthly account service fee waived.

Still on cloud nine over posting its highest profit ever of US$86 million, the Jammu and Kasmhir Bank dedicated four ATMs to Rajouri.

Public Bank is banking on its new PB Day2Day Visa Card to push its total card numbers beyond 1 million.

The Hong Kong Monetary Authority placed the HSBC and the Bank of China at the top of new sets of league tables of market makers for bills and notes, respectively.

The Philippines' gross international reserves as of end-May stood at US$39.319 billion, higher by US$3 million from the previous month’s level.

JBIC has extended a two-step Untied US$100 million loan aimed at providing finance to SMEs in Malaysia through RHB Bank.

Banco De Oro Unibank, Inc. and GE Capital have agreed to transfer GE Money Bank in the Philippines to BDO.

BDO Leasing’s total revenues in 2008 climbed 10.18 percent to US$28.9 million to maintain its leadership in the Philippine financing industry.

ICICI Bank will facilitate mobile phone-based services to all ICICI Bank Debit and Credit Card customers. These will be done through electronic cards issued to the customers with mChek application on their mobile phone.