News
Hang Seng opens dedicated securities trading centre
Hang Seng opens dedicated securities trading centre
Hang Seng Bank enhanced its securities services with its new trading centre at its main branch in Hong Kong. Called the Hang Seng Securities Select Customer Trading Centre, it allows selected customers to trade with ease by contacting managers through exclusive trading hotlines or visiting the Centre. The dedicated relationship managers can provide information about local securities, Shenzhen and Shanghai B shares, and selected Singapore securities with ease.
Metrobank implements importers’ automated system
Metrobank implemented its electronic-to-mobile payment system for processing of duties and taxes of its client importers. It involves the use of both cash and non-cash payments for either advanced or final settlement of duties and taxes. Non-cash payments include tax credit certificates, tax exemption certificates and advanced payments covered by letters of credit.
Dorner: Ampang strategic for Islamic offering
HSBC Amanah Malaysia Berhad opened its third branch in Ampang Point, Selangor. The opening was officiated by Irene Dorner, Chairman of HSBC Amanah Malaysia, and Musa Abdul Malek, Chief Executive Officer of HSBC Amanah Malaysia.
HSBC puts up Vietnam transaction office
HSBC became the first locally incorporated foreign bank in Vietnam to expand its distribution network via its transaction office.
Public Bank and ING unveil lady and child plans
Public Bank and ING launched separate insurance plans for females and children.
Malaysia's CIMB acquires 19.99% of Chinese bank
CIMB created a strategic link to China with its acquisition of 19.99 percent stake in Bank of Yingkou.
Meyado bucks tough economy to expand
Meyado Private Wealth Management has recently announced an expansion of operations as well as a relocation of offices.
SG banks get negative Moody’s ratings due to NPLs
Moody's revised the outlooks of the banks' financial strength ratings or BFSRs of three Singapore banks from stable to negative.
Canara HSBC reports US$60.25M in premiums
For its first nine months of operations, Canara HSBC garnered US$60.25 million in gross written premiums.
Public Bank registers 4% loan growth for 1st quarter
Public Bank reported a loan growth of US$1.4 billion to reach US$38.8 billion as at the end of March 2009. The growth, pegged at 4 percent, is much higher than the banking industry’s loan growth rate of 0.4 percent for the first two months of 2009.
BEA launches plan for property buyers
A new mortgage plan that enables property buyers to enjoy first-year monthly installments of as low as US$430 was launched by the Bank of East Asia.
UOB (Malaysia) introduces new UOB eAccount
United Overseas Bank (Malaysia) Bhd has introduced the new UOB eAccount, an online savings account aimed to provide banking convenience to customers.
BEA launches First-year Effective Rate P3.28%
The Bank of East Asia (BEA) has launched a new mortgage plan offering a first-year mortgage rate of P3.28 percent (prime rate) for Emerald Green property owners.
Citibank Singapore launches AXS D-Pay service
Citibank ATM or Debit cards can now be used at AXS Stations for the payment of bills and other services.
Indian banks seek gold from customers' homes
The State Bank of India has collected half a tonne of gold from customers under a "gold deposit" scheme designed to get gold out of homes and back into circulation.
Public Bank launches Phase II of PB Lifestyle
Public Bank has launched the PB Lifestyle (Phase II) - Live Up Your Life with PB Cards campaign, after receiving positive response for its More Swipes, More Rewards campaign or PB Lifestyle (Phase I).
Standard Chartered and IFC enter $1.25 billion deal
Standard Chartered and World Bank Group member IFC have agreed to develop a $1.25 billion funding partnership to facilitate global trade finance.
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