DOCSLIB.ORG

SECURITY Trustto TRUST

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
SECURITY Trustto TRUST Vol. 19 No. 4 August 2020 `75 Pages 48 U GRO Capital pg 8 Bank of Maharashtra pg 27 SwissRe pg 30 Cosmos Bank pg 38 www.bankingfrontiers.com www.bankingfrontiers.live From SECURITY TRUSTto TRUST SECURITY Nagaraj Solkar Manish Pal Agnelo Dsouza Sridhara Sidhu PRESENTS MASTERCLASS CYBER INSURANCE - Demystifying the BLACK BOX DATE: 5th of September 2020 FACT SHEET `2.5cr siphoned off from Mumbai banks to phishing mails to steal credentials ___________________________ 900 Million ` Cyber attack on Cosmos bank Digitalization has entered all facets of our lives and Indian corporations ___________________________ are adopting technology in all their operations at lightning speed. However as they say everything comes with a price. In the case of 15 Billion technology, it is the fear of online data theft and other such cybercrimes. Loss by cyber attacks in BFSI Data is new oil and cyber attack is the new battlefield of the future. ___________________________ Cyber Insurance - The strongest protection against 500% losses of cyber attack. Estimated growth of cyber insurance By 5 major Prospective: Who will Benefit: PAYMENT DETAILS Details for RTGS or NEFT payment: u User perspective u MDs, CEOs, CXOs & Senior Company : Glocal Infomart Pvt Ltd Branch Place : Andheri East Account No. : 450301010036295 Branch City : Mumbai u Underwriter and Sales perspective Management Executives Bank Name : Union Bank of India Branch Code : 545031 u u Sales and Claims perspective CFOs & Senior Finance Executives Branch Name : Bhavani Nagar, Micra Code : 400026070 u u Legal Perspective CISOs Marol Maroshi IFSC Code : UBIN0545031 Pin Code : 400059 Swift Code : UBININBBGOR u Investigation Perspective u Underwriters u Risk Insurers u Liability Managers u Data Managers COURSE FEE For details please contact: Dhiraj Mestry : +91 77383 59665 `20,000 + 18% GST [email protected] SUNDER KRISHNAN JAYANT SARAN Arjun Bhaskaran N.S. NAPPINAI ANUP DHINGRA Chief Risk Officer, Partner - investiga- CEO, Genlife- Supreme Court MD - FINPRO® & Private Reliance Nippon tions, Deloitte Re Insurtech Advocate and founder Equity M&A - Marsh India Life Insurance of Cyber Saathi www.bankingfrontiers.com Editor’s Blog N. Mohan Mobile : 9322895820 Email : [email protected] August 2020 - Vol. 19 No. 4 Newer roles for bank branches Group Publisher : Babu Nair everal banking experts feel what the banking industry had planned for say 5 years from now in terms of operations may have to be implemented just right now, Group Editor : Manoj Agrawal Sfor the pandemic has changed the way banking is done. For the moment it is Editor : N. Mohan an interregnum before banks wanting to survive would be required to get into action and put the new normal in practice. One indication of the things to come is the extent to which banking services could be delivered from anywhere even as the pandemic Editorial raged across the globe. Some U.S. banks have claimed that nearly 100% of their staff Mehul Dani, Ravi Lalwani, V. Raghuraman is working remotely and yet providing the services in the most effective manner. And Research Editors these banks would prefer to continue doing so when the situation gets to normal. It V. Babu, Ratnakar Deole, is natural that banks would leverage the learnings from the current crisis to evolve a W.A. Wijewardena, Sanchit Gogia, long-term strategy and identify the functions that can be delivered effectively from K.C. Shashidhar, Dr L.S. Subramanian, outside office premises. Ajay Kumar One aspect that would be interesting to follow will be the shape that branch banking will take. It has been abundantly demonstrated during the pandemic that branches Advisor-Alliances are almost irrelevant and at least retail banking could do without them operating fully. Ateeq Siddique Experiments in branchless banking, banks closing down branches for economy, the Marketing digital claiming space over the physical have all been indications that branches may Kailash Purohit, Apoorva Lawangare, soon become scarcer if not a matter of legacy. Dhiraj Mestry Maybe when the virus is contained, Events & Operations there could be some increase in Gautam Magare, Shirish Joshi, the footfall at the branches, but Stalin Saldhana, Pramod Jadhav, future branches may not retain Amit Gupta, Shweta Kadam, the brick and mortar structure. Ashish Verma, Wilhelm Singh, At best, branches could be a Sneha Agrawal destination only for detailed information and definitely not for Design transactions of any kind. It may Somnath Roy Choudhury gain the shape of a tech lobby Published By where even complex issues of Glocal Strategies & Services the customers, which hitherto used to be redressed by a human, will be handled by D-312, Twin Arcade, Military Road, Marol, machines, physical interactions and customer care will be through digital terminals Andheri (E), Mumbai 400059, India. within private areas and humans will have the role of trouble-shooters. Such a structure Tel: +91-22-29250166 / 29255569 will support customers anytime, anywhere. Besides, since customers could do most of Fax: +91-22-29207563 the things digitally during the pandemic, there will be a rethink on their part on visiting branches post-pandemic. This changes the role of customer-facing employees to that of focusing on more complex activities that require the added value of human intervention and get trained Printed & Published by Babu Nair on in new and complex skills as banking is tending to become more technology-oriented behalf of Glocal Strategies & Services and and complex. Printed at Indigo Presss (India) Pvt Ltd., Plot No. 1C/716, Off Dadoji Konddeo Cross Some experts even predict the evolution of ‘white label’ branches where, staff, Road, Between Sussex and Retiwala Indl. space, technology and processes can be shared by various banks or even non-bank Estate, Byculla (E), Mumbai 400027. organizations, which can be a high-income generating model. Perhaps thinking aloud, these centers could well be community centers where there could be coffee shops, Editor: Manoj Agrawal (Responsible for information hubs, and other activity generating points alongside bank branches. What selection of news under PRB Act) is interesting is that technology to make such a concept a reality is already in existence. When driverless cars can become a reality, why not branchless banks? Banking Frontiers August 2020 3 N E W S Regulator Bank of England plans revamp of payments system Bank of Korea plans The Bank of England said it is proposing to overhaul part of the country’s digital innovation unit payments infrastructure. The central bank has hired IT consulting company Accenture for the purpose in a contract worth up to 150 million pounds. The bank’s Executive Director Victoria Cleland said the proposed overhaul is a key priority not just for the Bank but also the wider UK payments industry, adding it is expected to support a resilient financial system that protects the UK’s financial and monetary stability in the years to come. The plan includes overhauling The Bank of Korea is setting up a RTGS, which handles 685 billion pounds a day in payments between large financial ‘digital innovation department’ as part institutions. The new infrastructure, the bank expects, will be in place by 2022. The of organizational reforms in the second bank is also weighing the feasibility of making the new RTGS compatible with the half of this year. The central bank plans proposed Central Bank Digital Currency (CBDC). to introduce a number of different technologies like artificial intelligence and Bank of Japan fast-tracks work on CBDC blockchain, through the new department. The Bank of Japan will begin substantive testing of digital currency it plans to issue The department will also perform tasks such sometime in the future. The bank has set up a team within its Payment and Settlement as implementing new digital technology Systems Department to work on digital currency issues. A spokesperson for the bank policies and expanding the latest digital said consideration of a central bank digital currency (CBDC) will be handled as one of infrastructure. The central bank was the top priority issues within the bank. While no deadline has been fixed for the testing examining possible use of blockchain for to start, the bank is expected to cooperative with private sector enterprises, which have bond market. sound technical knowledge about the issue. The central bank aims to work on the basis that the proposed CBDC would have universal access similar to regular currency, and resiliency to enable the digital currency to be used even during natural disasters Fazle Kabir reappointed and other emergencies. Japan, however, has one of the highest levels of outstanding currency in circulation, at about 20% of its gross domestic product. governor of BB Oman introduces new 50 rial note The Central Bank of Oman has come out with a new 50 rial bank note to mark the 50th anniversary of Oman’s ‘Renaissance’ and in commemoration of the memory of its founder, the late Sultan Qaboos. The RO 50 banknote is sixth in the series, and will begin circulating as legal tender. The central bank is working with local banks teo configure ATMs and CDMs to make them compatible with the new banknotes. The design of the new bank note, among others, features a golden security patch window on the right side depicting the main entrance of the Central Bank of Oman building, with the name CBO mentioned in both Arabic and English. Among the other new security features are a blue- inked window revealed under any light source, a shiny, multi-colored security patch on the left side in the form of the numeral 50, depicting moving elements of colour shifting gradually from green to gold when the banknote is tilted, 3 watermarks on the left side of the banknote, which include a portrait of Sultan Qaboos, and the numeral 50 printed Fazle Kabir has been reappointed as the in Arabic twice; both revealed under any light source.
Load more

Recommended publications
  • Gauging the Potential in Thai Banking* Introduction Overview
    Financial Services Back on the investment radar: Gauging the potential in Thai banking* Introduction Overview The Thai banking sector is attracting increasing international • Economy set to rebound as confidence returns following interest as the market opens up to foreign investment and the return to democracy. the return to democracy helps to reinvigorate consumer • Banking sector recording steady growth. Strong confidence and demand. opportunities for the development of retail lending. Bad debt ratios have gradually declined and the balance • Foreign banks account for 12% of the market by assets and sheets of Thailand’s leading banks have strengthened 10% of lending by value.7 Strong presence in high-value considerably since the Asian financial crisis of 1997.1 niche segments including auto finance, mortgages and The moves to Basel II and IAS 39 are set to enhance credit cards. transparency and risk management within the sector, while accelerating the demand for foreign capital and expertise. • Organic entry strategies curtailed by licensing and branch opening restrictions. Reforms already in place include the ‘single presence’ rule, which by seeking to limit cross-ownership of the country’s • Acquisition of minority stakes in existing banks proving banks is leading to increased consolidation and the opening increasingly popular. Ceiling on foreign holdings set to be up of sizeable holdings for new investment. The Financial raised to 49%, though there are no firm plans to allow Sector Master Plan and forthcoming Financial Institution outright control. Business Act (2008), which will come into force in August • Demand for capital and foreign expertise is encouraging 2008, could ease restrictions on branch openings and the more domestic banks to seek foreign investment, especially size of foreign investment holdings.
    [Show full text]
  • STOXX Asia 100 Last Updated: 03.07.2017
    STOXX Asia 100 Last Updated: 03.07.2017 Rank Rank (PREVIOU ISIN Sedol RIC Int.Key Company Name Country Currency Component FF Mcap (BEUR) (FINAL) S) KR7005930003 6771720 005930.KS KR002D Samsung Electronics Co Ltd KR KRW Y 256.2 1 1 JP3633400001 6900643 7203.T 690064 Toyota Motor Corp. JP JPY Y 128.5 2 2 TW0002330008 6889106 2330.TW TW001Q TSMC TW TWD Y 113.6 3 3 JP3902900004 6335171 8306.T 659668 Mitsubishi UFJ Financial Group JP JPY Y 83.5 4 4 HK0000069689 B4TX8S1 1299.HK HK1013 AIA GROUP HK HKD Y 77.2 5 5 JP3436100006 6770620 9984.T 677062 Softbank Group Corp. JP JPY Y 61.7 6 7 JP3735400008 6641373 9432.T 664137 Nippon Telegraph & Telephone C JP JPY Y 58.7 7 8 CNE1000002H1 B0LMTQ3 0939.HK CN0010 CHINA CONSTRUCTION BANK CORP H CN HKD Y 58.2 8 6 TW0002317005 6438564 2317.TW TW002R Hon Hai Precision Industry Co TW TWD Y 52.6 9 12 HK0941009539 6073556 0941.HK 607355 China Mobile Ltd. CN HKD Y 52.0 10 10 JP3890350006 6563024 8316.T 656302 Sumitomo Mitsui Financial Grou JP JPY Y 48.3 11 15 INE040A01026 B5Q3JZ5 HDBK.BO IN00CH HDFC Bank Ltd IN INR Y 45.4 12 13 JP3854600008 6435145 7267.T 643514 Honda Motor Co. Ltd. JP JPY Y 43.3 13 14 JP3435000009 6821506 6758.T 682150 Sony Corp. JP JPY Y 42.3 14 17 JP3496400007 6248990 9433.T 624899 KDDI Corp. JP JPY Y 42.2 15 16 CNE1000003G1 B1G1QD8 1398.HK CN0021 ICBC H CN HKD Y 41.1 16 19 JP3885780001 6591014 8411.T 625024 Mizuho Financial Group Inc.
    [Show full text]
  • Sl. Correspondent / Bank Name SWIFT Code Country
    International Division Relationship Management Application( RMA ) Total Correspondent: 156 No. of Country: 36 Sl. Correspondent / Bank Name SWIFT Code Country 1 ISLAMIC BANK OF AFGHANISTAN IBAFAFAKA AFGHANISTAN 2 MIZUHO BANK, LTD. SYDNEY BRANCH MHCBAU2S AUSTRALIA 3 STATE BANK OF INDIA AUSTRALIA SBINAU2S AUSTRALIA 4 KEB HANA BANK, BAHRAIN BRANCH KOEXBHBM BAHRAIN 5 MASHREQ BANK BOMLBHBM BAHRAIN 6 NATIONAL BANK OF PAKISTAN NBPABHBM BAHRAIN 7 AB BANK LIMITED ABBLBDDH BANGLADESH 8 AGRANI BANK LIMITED AGBKBDDH BANGLADESH 9 AL-ARAFAH ISLAMI BANK LTD. ALARBDDH BANGLADESH 10 BANGLADESH BANK BBHOBDDH BANGLADESH 11 BANGLADESH COMMERCE BANK LIMITED BCBLBDDH BANGLADESH BANGLADESH DEVELOPMENT BANK 12 BDDBBDDH BANGLADESH LIMITED (BDBL) 13 BANGLADESH KRISHI BANK BKBABDDH BANGLADESH 14 BANK ASIA LIMITED BALBBDDH BANGLADESH 15 BASIC BANK LIMITED BKSIBDDH BANGLADESH 16 BRAC BANK LIMITED BRAKBDDH BANGLADESH 17 COMMERCIAL BANK OF CEYLON LTD. CCEYBDDH BANGLADESH 18 DHAKA BANK LIMITED DHBLBDDH BANGLADESH 19 DUTCH BANGLA BANK LIMITED DBBLBDDH BANGLADESH 20 EASTERN BANK LIMITED EBLDBDDH BANGLADESH EXPORT IMPORT BANK OF BANGLADESH 21 EXBKBDDH BANGLADESH LTD 22 FIRST SECURITY ISLAMI BANK LIMITED FSEBBDDH BANGLADESH 23 HABIB BANK LTD HABBBDDH BANGLADESH 24 ICB ISLAMI BANK LIMITED BBSHBDDH BANGLADESH INTERNATIONAL FINANCE INVESTMENT 25 IFICBDDH BANGLADESH AND COMMERCE BANK LTD (IFIC BANK) 26 ISLAMI BANK LIMITED IBBLBDDH BANGLADESH 27 JAMUNA BANK LIMITED JAMUBDDH BANGLADESH 28 JANATA BANK LIMITED JANBBDDH BANGLADESH 29 MEGHNA BANK LIMITED MGBLBDDH BANGLADESH 30 MERCANTILE
    [Show full text]
  • 2021 Greenwich Leaders: Asian Large Corporate Banking and Cash Management
    Coaition Greenwich 2021 Greenwich Leaders: Asian Large Corporate Banking and Cash Management Q1 2021 Greenwich Associates presents the overall and regional lists of 2021 Greenwich Share and Quality Leaders in Asian Large Corporate Banking and Asian Large Corporate Cash Management and the winners of the 2021 Greenwich Excellence Awards in several important categories. Greenwich Share and Quality Leaders — 2021 Greenwich Greenwich Share Leader Quality Leader 202 1 202 1 Asian Large Corporate Banking Market Penetration Asian Large Corporate Banking Quality Bank Market Penetration Statistical Rank Bank HSBC ANZ Bank Standard Chartered Bank Citi DBS ANZ Bank T BNP Paribas T Asian Large Corporate Cash Management Market Penetration Asian Large Corporate Cash Management Quality Bank Market Penetration Statistical Rank Bank HSBC J.P. Morgan Citi Standard Chartered Bank DBS BNP Paribas Note: Market Penetration is the proportion of companies interviewed that consider each bank an important provider of: corporate banking services; corporate cash management services. Based on 840 respondents for large corporate banking and 1,073 for large corporate cash management. Share Leaders are based on Top 5 leading banks including ties. Quality Leaders are cited in alphabetical order including ties. Source: Greenwich Associates 2020 Asian Large Corporate Banking and Asian Large Corporate Cash Management Studies © 2021 GREENWICH ASSOCIATES Greenwich Share and Quality Leaders — 2021 Large Corporate Banking by Asian Markets Greenwich Greenwich Share Leader Quality Leader 202 1 202 1 Asian Large Corporate Market Banking Market Penetration Penetration Statistical Rank Asian Large Corporate Banking Quality China (161) China (161) Bank of China ANZ Bank ICBC BNP Paribas China Construction Bank T China CITIC Bank Agricultural Bank of China T HSBC Mizuho Bank Hong Kong (91) Hong Kong (91) HSBC ANZ Bank Bank of China Standard Chartered Bank T DBS T India (198) India (198) State Bank of India Axis Bank HDFC T J.P.
    [Show full text]
  • Banking Automation Bulletin | Media Pack 2021
    Banking Automation BULLETIN Media Pack 2021 Reaching and staying in touch with your commercial targets is more important than ever Curated news, opinions and intelligence on Editorial overview banking and cash automation, self-service and digital banking, cards and payments since 1979 Banking Automation Bulletin is a subscription newsletter Independent and authoritative insights from focused on key issues in banking and cash automation, industry experts, including proprietary global self-service and digital banking, cards and payments. research by RBR The Bulletin is published monthly by RBR and draws 4,000 named subscribers of digital and printed extensively on the firm’s proprietary industry research. editions with total, monthly readership of 12,000 The Bulletin is valued by its readership for providing independent and insightful news, opinions and 88% of readership are senior decision makers information on issues of core interest. representing more than 1,000 banks across 106 countries worldwide Regular topics covered by the Bulletin include: Strong social media presence through focused LinkedIn discussion group with 8,500+ members • Artificial intelligence and machine learning and Twitter @RBRLondon • Biometric authentication 12 issues per year with bonus distribution at key • Blockchain and cryptocurrency industry events around the world • Branch and digital transformation Unique opportunity to reach high-quality • Cash usage and automation readership via impactful adverts and advertorials • Deposit automation and recycling • Digital banking and payments Who should advertise? • Financial inclusion and accessibility • Fintech innovation Banking Automation Bulletin is a unique and powerful • IP video and behavioural analytics advertising medium for organisations providing • Logical, cyber and physical bank security solutions to retail banks.
    [Show full text]
  • Private Information Trading and Enhanced Accounting Disclosure of Bank Stocks
    PRIVATE INFORMATION TRADING AND ENHANCED ACCOUNTING DISCLOSURE OF BANK STOCKS Rocco Huang1 The World Bank, and the University of Amsterdam Abstract In this study, price-volume patterns of traded bank stocks in 47 countries around the world are examined, to study whether enhanced accounting information disclosure is associated with lower information asymmetry between informed and uninformed investors in the trading of bank stocks, as measured by Llorente et al. (2002)’s private information trading (PIT) indicator. The study finds that, the second pillar of Basel II, stronger supervisory power, is surprisingly associated with more private information trading (although we do not argue for causality in either direction). In contrast, the third pillar (information disclosure) of Basel II is found to be quite effective in reducing private information trading in bank stocks. We find that bank- level enhanced disclosures of accounting information (such as classification of loans or deposits by maturity), as defined by a composite index proposed by Nier (2005), is associated with significantly less PIT, and the magnitude of the effect is large enough to counteract the influence of existing national policies. Finally, we also find that level of PIT is not higher in bank than in their size-matched nonfinancial stocks, which suggests that banks may not be special when it comes to information asymmetry. 1 I especially want to thank Stijn Claessens for his numerous comments, suggestions, and encouragement, which help substantially improve this paper. I appreciate valuable comments from Vidhi Chhaochharia, Luc Laeven, and participants at a seminar in the World Bank. This paper’s findings, interpretations and conclusions are entirely those of the author and do not necessarily represent the views of the World Bank, its Executive Directors or the countries they represent.
    [Show full text]
  • Annex and Tables
    Annex and Tables Annex : Authorized Institutions and Local Representative Offices 117 Table A : Major Economic Indicators 122 Table B : Performance Ratios of the Banking Sector 124 Table C : Authorized Institutions: Domicile and Parentage 126 Table D : Authorized Institutions: Country/Region of Beneficial Ownership 127 Table E : Presence of World’s Largest 500 Banks in Hong Kong 128 Table F : Balance Sheet: All Authorized Institutions 130 Table G : Major Balance Sheet Items by Country/Region of Beneficial Ownership of Authorized Institution 132 Table H : Flow of Funds for All Authorized Institutions 133 Table I : Loans to and Deposits from Customers by Category of Authorized Institution 134 Table J : Loans to customers inside Hong Kong by Economic Sector 135 Table K : Deposits from Customers by Type and Deposit and Category of Authorized Institution 136 Table L : Geographical Breakdown of Net External Claims/(Liabilities) of All Authorized Institutions 137 HONG KONG MONETARY AUTHORITY • ANNUAL REPORT 2001 • ANNEX AND TABLES 117 Annex: Authorized Institutions and Local Representative Offices as at 31.12.2001 Licensed Banks Incorporated in Hong Kong Asia Commercial Bank Limited Hongkong Chinese Bank, Nanyang Commercial Bank, Bank of Amercia (Asia) Limited Limited (The) Limited Bank of China (Hong Kong) Hongkong & Shanghai Banking Overseas Trust Bank, Limited Limited (formerly known as Corporation Limited (The) Shanghai Commercial Bank Po Sang Bank Limited) HSBC Investment Bank Asia Limited Bank of East Asia, Limited (The) Limited Standard
    [Show full text]
  • Trade Finance Program Confirming Banks List As of 31 December 2015
    Trade Finance Program Confirming Banks List As of 31 December 2015 AFGHANISTAN Bank Alfalah Limited (Afghanistan Branch) 410 Chahri-e-Sadarat Shar-e-Nou, Kabul, Afghanistan National Bank of Pakistan (Jalalabad Branch) Bank Street Near Haji Qadeer House Nahya Awal, Jalalabad, Afghanistan National Bank of Pakistan (Kabul Branch) House No. 2, Street No. 10 Wazir Akbar Khan, Kabul, Afghanistan ALGERIA HSBC Bank Middle East Limited, Algeria 10 Eme Etage El-Mohammadia 16212, Alger, Algeria ANGOLA Banco Millennium Angola SA Rua Rainha Ginga 83, Luanda, Angola ARGENTINA Banco Patagonia S.A. Av. De Mayo 701 24th floor C1084AAC, Buenos Aires, Argentina Banco Rio de la Plata S.A. Bartolome Mitre 480-8th Floor C1306AAH, Buenos Aires, Argentina AUSTRALIA Australia and New Zealand Banking Group Limited Level 20, 100 Queen Street, Melbourne, VIC 3000, Australia Australia and New Zealand Banking Group Limited (Adelaide Branch) Level 20, 11 Waymouth Street, Adelaide, Australia Australia and New Zealand Banking Group Limited (Adelaide Branch - Trade and Supply Chain) Level 20, 11 Waymouth Street, Adelaide, Australia Australia and New Zealand Banking Group Limited (Brisbane Branch) Level 18, 111 Eagle Street, Brisbane QLD 4000, Australia Australia and New Zealand Banking Group Limited (Brisbane Branch - Trade and Supply Chain) Level 18, 111 Eagle Street, Brisbane QLD 4000, Australia Australia and New Zealand Banking Group Limited (Perth Branch) Level 6, 77 St Georges Terrace, Perth, Australia Australia and New Zealand Banking Group Limited (Perth Branch
    [Show full text]
  • Project Details
    Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond Quick Facts Countries Thailand Financial Institutions International Finance Corporation (IFC) Status Approved Bank Risk Rating FI Voting Date 2019-06-13 Borrower Bank of Ayudhya Public Company Limited Sectors Finance Ring Fence Small & Medium Enterprises Investment Type(s) Loan Investment Amount (USD) $ 150.00 million Project Cost (USD) $ 220.00 million Early Warning System https://ews.rightsindevelopment.org/ [email protected] Early Warning System IFC-41721 DCM BAY Women Entrepreneur Bond Project Description According to the bank website, "The proposed investment entails IFC anchor investment of up to US$150 million in a US$220 million privately-placed, senior, unsecured USD-denominated “Women Entrepreneurs Bonds” to be issued by Bank of Ayudhya Public Company Ltd. (“Krungsri” or the “Bank”) to finance the expansion of the Bank’s women-led small and medium enterprises (“WSME”) loan portfolio (the “Project”). The Project will support the Bank’s ongoing efforts to increase its lending portfolio to WSMEs, an important sector that drives economic growth and employment, and to promote resilient and sustainable growth and strengthen financial inclusion in Thailand. Krungsri is the fifth largest commercial bank in Thailand, in terms of total assets, with 11.4% market share of total banking sector assets (US$67 billion) as of December 2018. The Bank has a leading position in consumer lending and ranks #1 in retail and #5 in the SME and corporate loan segments. Krungsri is listed on the Stock Exchange of Thailand, with a market cap of US$9.4 billion as of July 31, 2019 and is recognized as a Domestic Systematically Important Bank by the Bank of Thailand.
    [Show full text]
  • Krungsri's Cambodian Subsidiary Hattha Kaksekar Obtains
    Mitsubishi UFJ Financial Group, Inc. (MUFG) MUFG Bank, Ltd. Krungsri’s Cambodian Subsidiary Hattha Kaksekar Obtains Commercial Banking License Tokyo, September 8, 2020 --- MUFG and MUFG Bank’s consolidated subsidiary Bank of Ayudhya Public Company Limited (Krungsri) [1] ’s consolidated subsidiary Hattha Kaksekar Limited (HKL), a microfinance institution located in the Kingdom of Cambodia, has obtained a commercial banking license in Cambodia and was renamed HATTHA Bank Plc., effective August 26. Cambodia possesses the potential for sustainable economic growth due to increasing income driven by its relatively young and expanding population, in addition to its geographically advantageous location between two core economies of the Mekong region, the Kingdom of Thailand and the Socialist Republic of Vietnam. Krungsri acquired HATTHA Bank in 2016 with the aim of entering the microfinance business in Cambodia. By leveraging Krungsri’s expertise, HATTHA Bank has been growing steadily. Additionally, by providing its customers with access to financial services through microfinance HATTHA Bank plays an important role in MUFG’s efforts to promote financial inclusion. Through its conversion to a commercial bank, HATTHA Bank aims to provide high-quality services to meet its customers’ diverse needs by offering financial services such as deposits and funds transfers to both retail and corporate customers, in addition to providing access to microfinance to its existing retail customers. MUFG, together with its strategic partner banks Krungsri, PT Bank
    [Show full text]
  • 44 Chapter 6
    44 Chapter 6 Chapter 6 45 India Allahabad Bank 1908-1909, Tower 1, Lippo Centre 2523-8363 89 Queensway, Admiralty, Hong Kong Axis Bank Limited Suite 1707-1708, Central Plaza 3656-4000 18 Harbour Road, Wanchai, Hong Kong Bank of Baroda 4/F, Dina House, Ruttonjee Centre 2521-5166 11 Duddell Street, Central, Hong Kong Bank of India 2/F, Ruttonjee House 2524-0186 11 Duddell Street, Central, Hong Kong Canara Bank Room 904, Aon China Building 2529-1398 29 Queen’s Road Central, Hong Kong 46 Chapter 6 HDFC Bank Suite 1707, 17/F, Tower 1 3107-2972 Limited The Gateway, Harbour City 25 Canton Road, Tsim Sha Tsui Kowloon ICICI Bank Limited Units 1504B-1505, Level 15 2234-2600 International Commerce Centre 1 Austin Road West, Kowloon Indian Overseas 3/F, Ruttonjee House 2522-7157 Bank 11 Duddell Street, Central, Hong Kong Punjab National Room 1003, 10/F, Li Po Chun Chambers 2970-4819 Bank 189 Des Voeux Road Central Hong Kong State Bank of India 15/F, Central Tower 2523-3166 28 Queen’s Road Central, Hong Kong UCO Bank Suites 4102-4106, 41/F, Cosco Tower 2524-9240 183 Queen’s Road Central, Hong Kong Union Bank of India Unit 1903-1904, 19/F 2524-2221 9 Queen’s Road Central, Hong Kong Indonesia PT. Bank Negara G/F, Far East Finance Centre 2529-9871 Indonesia (Persero) 16 Harcourt Road, Central TBK. Hong Kong PT. Bank Mandiri 7/F, Far East Finance Centre 2877-3632 (Persero) TBK. 16 Harcourt Road, Central Hong Kong Pakistan National Bank Units 1801-1805, 18/F, FWD Financial 2541-5321 of Pakistan Centre, 308-320 Des Voeux Road Central, Hong Kong The Philippines BDO G/F, Euro Trade Centre 2868-0323 Unibank, Inc.
    [Show full text]
  • Bank of Sustainability
    AnnualAnnual Report Report 2019 2019 BankçèāÓāòČú of SustainabilityŚÖÓöāðñĀēÖñĆè Bank of Sustainability KBank conducts business with the foundation of Bank of Sustainability, with appropriate risk management and good corporate governance principles. We strive to balance economic, social, and environmental dimensions to achieve goals and create sustainable long-term returns. The philosophy of sustainable development is instilled in all our operations as part of our Green DNA, ensuring maximum benefit for all stakeholders and paving the way for sustainable growth. Multi- Large Corporate Corporate Business Business Medium Mass Business Small and Middle Micro Income Business High Affluent Net Worth Individual Vision KASIKORNBANK aims to be the most innovative, proactive, and customer centric financial institution, delivering world class financial services and sustainable value for all stakeholders by harmoniously combining technology and talent. Core Values Customer at Heart Agility Collaboration Innovativeness Annual Report 2019 KASIKORNBANK Financial Highlights (Consolidated Financial Statements) 004 Financial Highlights (Consolidated Financial Statements) As of or for the years ended December 31, 2019 2018 2017 2016 2015 COMMON SHARE INFORMATION Per share (Baht) • basic earnings 16.18 16.07 14.35 16.79 16.49 • book value 169.79 157.23 145.67 134.44 119.42 • dividends 5.00 4.00 4.00 4.00 4.00 Share price (Baht) (1) • high 202.00 242.00 235.00 201.00 235.00 • low 131.00 182.50 182.00 144.00 147.00 • closing 151.00 185.00 232.00 177.50 150.50
    [Show full text]