Open a bank account in the MIDDLE EAST & ASIA

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OPEN A BANK ACCOUNT
IN THE
MIDDLE EAST & ASIA

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MIDDLE EAST

Dubai, United Arab Emirates

The Middle East today is becoming flush in oil wealth. Some estimates have year 2005 at $360 billion in surplus oil revenues for the region. Dubai, the major financial hub of the United Arab Emirates exemplifies this opulence in materialism and capitalistic wealth. The city is modern, prosperity is everywhere and the country as a whole is very rich. Both economic and political stability are very important factors for investment, Dubai does very well on both regards. For those investors interested in diversifying your wealth, Dubai is BankINTRO.com’s first choice for banking in the Middle East.

For banking in the Middle East, BankINTRO.com recommends:

RBC Royal Bank of Canada

RBC is a solid Canadian bank with significant global banking operations catering to the well to do. With banking operations in 30 countries, 1300 branches and 12 million customers, RBC is Canada’s largest bank as measured by assets. RBC is ranked within the top 10 largest banks in North America, the 11th largest in the world (both government owned and private), 5th largest privately owned bank in the world. In year 2003, RBC attained the status as the highest ranked North American bank for stability and security. In 2004, RBC achieved the rank of number two for providing trust services as determined by Euromoney magazine.

HSBC For banking in the United Arab Emirates.

HSBC is a prestigious well known global banking giant headquartered in London, United Kingdom. As an international financial conglomerate, the HSBC Group is a very prosperous successful banking brand with over 10,000 offices scattered around the world. HSBC Group’s International network companies have 284,000 employees worldwide, HSBC is indeed one of the world’s largest global banking and financial organisations. Through an international network linked by advanced technology including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal banking, commercial banking, corporate, investment banking and capital markets, global private banking and other services. HSBC is a publicly traded financial institution with stock exchange listings on London, New York, Paris and Hong Kong. The HSBC Group is named after its founding members, the Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between China and Europe.

STANDARD CHARTERED GROUP for banking in the U.A.E.

The Standard Chartered Group was formed in 1969 through a merger of two banks: The Standard Bank of British South Africa founded in 1863 and the Chartered Bank of India, Australia and China, founded in 1853. With its head office in London, UK, Standard Chartered employs 73,000 worldwide amongst 70 countries with extensive banking operations within Asia and the Middle East. Banking in the United Arab Emirates with the Standard Chartered Group includes personal banking, Islamic banking, SME banking and wholesale banking.

ASIA BANKING

Japan, India and China each in their own outright are large economic powers. Japan is home to the world’s second largest individual economy that is modern, efficient and profitable. India is home to one billion consumers while China is zooming ahead with buoyant economic growth for its 1.3 billion citizens. Many large global conglomerate corporations are now funding large capital investments within India taking advantage of its well educated workforce. Asia itself is in the midst of an economic boom with many second tier economies such as South Korea, Taiwan, Philippines, Malaysia, Thailand and Vietnam enjoying the fruits of wealth accumulation.

For commercial and retail banking within ASIA, BankINTRO.com recommends:

SCOTIABANK

Scotiabank is Canada’s most international bank over the last 100 years with banking operations in 50 countries within a network of over 2000 branches, 48000 employees and 10 million customers. Scotiabank holds various ‘A’ category ratings as evaluated by major credit rating agencies. Scotiabank provides for a wide array of financial services and banking products to meet your needs.

Seoul, South Korea

SCOTIABANK for banking within South Korea

Kuala Lumpur, Malaysia

SCOTIABANK for banking within Malaysia

Bangkok, Thailand

SCOTIABANK for banking within Thailand.

Hong Kong, China

HSBC for banking within Hong Kong.

HSBC is a prestigious well known global banking giant headquartered in London, United Kingdom. As an international financial conglomerate, the HSBC Group is a very prosperous successful banking brand with over 10,000 offices scattered around the world. HSBC Group’s International network companies have 284,000 employees worldwide, HSBC is indeed one of the world’s largest global banking and financial organisations. Through an international network linked by advanced technology including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal banking, commercial banking, corporate, investment banking and capital markets, global private banking and other services. HSBC is a publicly traded financial institution with stock exchange listings on London, New York, Paris and Hong Kong. The HSBC Group is named after its founding members, the Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between China and Europe.

SINGAPORE
Singapore is a growing important global private banking centre garnering the reputation as the Switzerland of Asia. Singapore is now the second largest banking centre behind Switzerland with 6 percent of the world’s global private banking assets currently domiciled in Singapore compared to Switzerland at 18 percent. Singapore’s banking assets are growing at 30 percent annually. Private banking assets in Singapore stand at 300 billion USD with tremendous growth taking place in foreign banking operations.

Singapore’s economy is sound with GDP growth estimated for year 2008 at around 6 percent of GDP. Inflation has ticked up so far in 2008 with February 2008 inflation running at 6.5 percent. The Singapore dollar (SGD) is considered to be the Swiss franc of Asia with its steady appreciation, it is well managed and value is maintained. The Singapore dollar has been appreciating (2007-08) in order to curb inflation, domestic economic recovery in electronic & pharmaceutical exports although a stronger exchange rate may harm exports to the large United States market. Singapore relies on its exchange rate rather than adjusting interest rates to guide monetary policy due to the very open nature of the city state’s economy. Singapore will continue to attract and remain a leading global centre for private banking due to favorable banking laws, sound currency and strong free market economy.

BankINTRO.com’s recommendations for banking within Singapore:

UNITED OVERSEAS BANK LIMITED
Headquartered in Singapore, United Overseas Bank Limited (UOB) is a leading bank in Singapore. UOB provides for a wide array of banking services through its global network of 500 branch offices and subsidiaries / associates amongst 18 countries. Financial services from UOB include personal banking, private banking, trust services, commercial and corporate banking, investment banking, corporate finance, capital market activities, treasury services, futures, asset management, venture capital, insurance and stock brokerage services. United Overseas Bank garners top credit ratings from rating agencies, the bank was founded in 1935.

RBS
The Royal Bank of Scotland Group
UK based RBS is a global banking giant with operations in more than 50 countries focusing in on retail & corporate banking, consumer finance, insurance and wealth management services. The RBS Group Singapore office is an important hub for banking business in South East Asia. RBS helps Asian corporations trade with the rest of the world, and serve European multi-nationals with operations in Asia.

STANDARD CHARTERED GROUP
The Standard Chartered Group was formed in 1969 through a merger of two banks: The Standard Bank of British South Africa founded in 1863 and the Chartered Bank of India, Australia and China, founded in 1853. With its head office in London, UK, Standard Chartered employs 73,000 worldwide amongst 70 countries with extensive banking operations within Asia. Singapore banking with the Standard Chartered Group includes deposits, personal loans, investing, credit cards, insurance, mortgages, specialist banking (ie. international banking).

BNP PARIBAS
BNP Paribas is one of the world’s largest international banking networks with strong market presence in Asia. BNP Paribas is the 5th largest in the banking industry globally and is France’s largest bank with 162,700 employees worldwide. BNP Paribas is focused on three key core areas of business: retail banking, corporate and investment banking, asset management and services. BNP Paribas has successfully achieved excellent credit ratings, very sound global bank.

SCOTIABANK
Scotiabank is Canada’s most international bank over the last 100 years with banking operations in 50 countries within a network of over 2000 branches, 48000 employees and 10 million customers. Scotiabank holds various ‘A’ category ratings as evaluated by major credit rating agencies. Scotiabank provides for a wide array of financial services and banking products to meet your needs.

DISCLAIMER

DISCLAIMER: the information presented within this banking section is believed to be accurate and correct to the best of BankINTRODUCTIONS.com's 'BI.C' independent research abilities. BankINTRO.com is not liable for any out of date or not knowing inaccurate statements presented. BI.C recommends the Internet reader seek out other sources of offshore banking information to verify the text within this BankINTRODUCTIONS.com web site.