The Star Online: Business
The Star Online: Business |
- BSN agents chalk up RM635mil
- CTSM targets 8% growth in trade transactions
- Ranhill Energy offers for sale 407m shares at RM1.85 each
| Posted: PUTRAJAYA: Bank Simpanan Nasional Bhd's (BSN) network of about 4,100 registered bank agents (EBB) has recorded transactions worth RM635mil in value to date. "EBB has registered 7.1 million transaction worth RM635mil in value since the introduction in early 2012. On a daily basis, it is about 45,000 transaction worth RM4mil," CEO Datuk Adinan Maning said after the launch of BSN Putrajaya Night Marathon yesterday. Also present at the launch were Deputy Finance Minister Datuk Ahmad Maslan, BSN chairman Tan Sri Abu Bakar Abdullah and Perbadanan Putrajaya president Tan Sri Aseh Che Mat. Adinan said the community bank has targeted to have a total of 5,000 EBB by year-end. The EBB programme was launched in January 2012 with agents offering services like deposits, cash withdrawal, bill payments and top up for prepaid phones. In addition, Ahmad said BSN's EBB programme had enabled under served area in the absence of a bank to get banking services. He said so far BSN had been aggressive on this approach while Malayan Banking Bhd had partnered Pos Malaysia and uses the latter offices to deliver its shared banking services. BSN, which is the title sponsor for the marathon, is targeting 12,000 runners this year. "We realised that sports sponsorship is an avenue to strengthen our brand image," he said. BSN PNM has attracted more than 10,000 runners every year and set to increase to 12,000 this year," Abu Bakar said in his speech earlier. In addition, he said BSN had designed a special 10km CSR run for other corporate entities to support a fund raising initiative. "For this year, we have IJN Foundation on board as a beneficiary for the fund raising," Abu Bakar said. Ahmad also urged other financial institutions to make an example of BSN's support towards sponsoring sporting event and making it part of organisations' annual corporate responsibility programme. |
| CTSM targets 8% growth in trade transactions Posted: GEORGE TOWN: Citigroup Transaction Services (Malaysia) Sdn Bhd (CTSM) is a targeting 7% to 8% growth this year for its total transactions handled at its trade processing hub in Penang. CTSM managing director Srinath Sambasiva said the hub in Penang handled 20 million transactions last year with a throughput of US$5.8 trillion across trade and cash business. Speaking at the opening of CTSM new trade processing facility here by Penang Chief Minister Lim Guan Eng, he said the trade processing hub in Penang was the largest of the six located in Buffalo, the United States, Mumbai and Chennai in India, Dalian, China, and Dublin, Ireland. The new facility occupies some 60,000 sq ft of office space at the One Precinct business cum retail centre. "The two facilities in Penang engaged approximately 1,000 experienced professionals to service the interests of clients in Asia, North America, Europe, Middle-East, and Africa," Srinath told a press conference. Also present was Citibank Bhd chief executive officer Sanjeev Nanavati (pic). Sanjeev said Citigroup was recognised as a leader in transaction processing. "The launch of the second CTSM facility here in Penang cements our commitment to offering consistent yet flexible solutions at competitive costs to help our customers in Malaysia and around the globe to build capacity for growth," Sanjeev added. Sanjeev added that CTSM was supported by the largest proprietary network in the world, covering over 100 countries with a corresponding network of 3,300 banks. "Our strong capital base and comprehensive support network makes us a trusted and reliable financial shared services partner, and enable us to effectively manage high-value trade finance transactions for our customers," he added. CTSM began operations in Penang in 1993, and Citi was the first bank to choose Malaysia as a location for its process outsourcing for financial services. The hub offers operations support to trade and cash management and commercial cards business of Citigroup. |
| Ranhill Energy offers for sale 407m shares at RM1.85 each Posted: KUALA LUMPUR: Ranhill Energy and Resources Bhd, which is seeking a listing on the Main Market of Bursa Malaysia, will have a market capitalisation of RM1.779bil, comprising of 961.76 million shares at an indicative retail price of RM1.85. According to its prospectus issued on Thursday, it said the floating exercise would involve an initial public offering of up to 407 million shares of which 328.72 million shares will be offered to institutions and the remaining 78.278 million shares to the eligible employees, directors and the public. |
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