StanChart to invest over $50m to re-model branches in Taiwan
Wednesday, 4 July 2007
FE Report
Standard Chartered Bank (Taiwan) Monday announced plans to upgrade 62 of its branches at a cost of more than $50 million (5.0 crore) to provide international-standard services to its customers.
The decision came after the integration of Hsinchu International Bank and Standard Chartered Taiwan, and launching of Standard Chartered Bank (Taiwan) Limited on the same day.
Presently, Standard Chartered Group (SCG) is the largest international banking network in Taiwan with 86 branches and 377 ATMs.
SCG Chief Executive Peter Sands said, "The union of Standard Chartered and Hsinchu is the first integration of a Taiwanese bank and an international bank. We are integrating three months ahead of our original schedule."
He added, "We are combining Hsinchu's strong regional branch presence with Standard Chartered's international network to bring innovative global products to the Taiwanese customers, and support trade and investment between Taiwan and the rest of the world."
Sands was speaking in Hsinchu, at the launching of the first of the bank's new flagship branches.
SCG Executive Director and CEO of Consumer Banking Mike DeNoma said, "Taiwanese customers can now start enjoying the same products and services like our 14 million customers around the world."
Standard Chartered Bank (Taiwan) Chairman Wu Chih Wei said, "We formed union with Standard Chartered because we believe our employees and customers will be benefited from the strong global brand, international network, and innovative products and services."
Standard Chartered Bank (Taiwan) Monday announced plans to upgrade 62 of its branches at a cost of more than $50 million (5.0 crore) to provide international-standard services to its customers.
The decision came after the integration of Hsinchu International Bank and Standard Chartered Taiwan, and launching of Standard Chartered Bank (Taiwan) Limited on the same day.
Presently, Standard Chartered Group (SCG) is the largest international banking network in Taiwan with 86 branches and 377 ATMs.
SCG Chief Executive Peter Sands said, "The union of Standard Chartered and Hsinchu is the first integration of a Taiwanese bank and an international bank. We are integrating three months ahead of our original schedule."
He added, "We are combining Hsinchu's strong regional branch presence with Standard Chartered's international network to bring innovative global products to the Taiwanese customers, and support trade and investment between Taiwan and the rest of the world."
Sands was speaking in Hsinchu, at the launching of the first of the bank's new flagship branches.
SCG Executive Director and CEO of Consumer Banking Mike DeNoma said, "Taiwanese customers can now start enjoying the same products and services like our 14 million customers around the world."
Standard Chartered Bank (Taiwan) Chairman Wu Chih Wei said, "We formed union with Standard Chartered because we believe our employees and customers will be benefited from the strong global brand, international network, and innovative products and services."