News

Bangkok Bank has introduced a new fixed deposit account with increasing interest rates, from 1 to 1.5 percent per annum, over a period of 18 months. Interest will be paid every six months. Customers can enjoy the “Step Plus” offer up to 20 July 2009 by opening an account with a minimum deposit of US$14.65.

Metrobank added 25 new automated teller machines in key areas to increase its network to over a thousand ATMs nationwide.

Sundarganj Branch of Islami Bank Bangladesh Limited at Janata Market, College Road was inaugurated as its 199th Branch.

ACLEDA Bank has again raised its total registered capital share by US$8.15 million.

The Investment Commission of the Ministry of Economic Affairs in Taiwan has approved BEA's move to acquire AIG Wealth Management Services Taiwan Limited.

Over the next few months Members Equity Bank will gradually introduce a new logo and colours to remind bankers that it is theirs.

The Government of the Punjab contributed US$123 million as advance subscription money towards proposed increase in the Bank of Punjab’s paid up capital.

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.