Hong Kong and Shanghai Bank (HSBC), the world’s local bank, and its subsidiary HSBC Savings Bank recently joined BancNet. Earlier, the Manila Branch of leading global investment bank Deutsche Bank A.G also signed up as a member of the consortium.
HSBC and HSBC Savings have a combined network of 32 ATMS and 32 branches. Their ATM cardholders number close to 100,000.
Deutsche Bank provides its private, corporate and institutional clients a broad range of financial solutions. Its BancNet membership will give Deutsche Bank clients access to BancNet’s online payment gateway, electronic data interchange and online fund transfer facility.
HSBC and Deutsche Bank boost the consortium’s roster of international bank members which include Chinatrust, Citibank N.A., Standard Chartered Bank and Tong Yang Bank.
From left: HSBC president and chief executive officer Mark Watkinson, then BancNet chairman Angelito Villanueva and BancNet president Francisco Caparros, Jr.
From left: BancNet Executive Vice President and COO Aristeo P. Zafra, Jr., president Francisco M. Caparros, Jr., then chairman Angelito M. Villanueva and Deutsche Bank managing director Thomas DuCharme, director Mylene Caparas, and vice president John Cary Ong
