NEWS

BRANCH BANKING | Tony Chua, Australia
Published: 07 Sep 11
980 views


National Australia Bank plans to launch Jakarta office

National Australia Bank plans to launch Jakarta office

The setting up of office will facilitate greater economic, trade and investment flows between Indonesia, Australia and New Zealand.

The representative office, expected to open later this year in Jakarta, will support existing institutional, corporate and business banking customers operating in or trading with Indonesia. It will also provide a link for Indonesian and other Asia region clients looking to expand or invest in Australia, New Zealand, the United Kingdom or United States, particularly in the energy, education and agribusiness sectors.

National Australia Bank’s Asia CEO Rob Wright said the office is a strategic step in providing greater support for clients doing business in Asia.

“We are very excited at the prospect of being on-the-ground in Jakarta to facilitate even greater economic, trade and investment flows between Indonesia, Australia and New Zealand, in support of our clients.

“It will leverage National Australia Bank’s expertise in fields of particular relevance to Indonesia, specifically trade, education, energy, and agribusiness,” said Mr Wright.

View the full story in International Business Times.

Sign up for our weekly newsletter

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

Tags: NAB expansion, NAB Jakarta, NAB Indonesia

MORE FROM NATIONAL AUSTRALIA BANK
NAB sets eyes on US investors in RMBS Issue
NAB sets eyes on US investors in RMBS Issue The lender keen to woo American investors with Australian mortgages in the belief that foreigners are confident in the Australian housing market.
NAB still has no agreement with NBNK Investments
Australia’s major banks eyed to post more huge profits
NAB names Christine Yates Australia debt market origination head
NAB starts new social media campaign
COMPANIES FEATURED
National Australia Bank
TOP NEWS
China needs more banking reforms
China needs more banking reforms The government again goes to bat for small businessmen. Zhou Xiaochuan, Governor of the People’s Bank of China, the central bank, said the banking and finance sector should initiate reforms that serve the real economy so more direct financing can be provided to small- and micro-sized companies and cultural industry enterprises.
Commonwealth Bank posts lower than expected $1.69B Q1 profit
Bank Simpanan posts $332M net income
Hong Leong ups Q3 earnings by 49%
Demand for loans remains weak for Chinese banks
ANZ to triple investments in China
HSBC to maximize opportunities in Malaysia
Mobile banking on the move in Indonesia
Allahabad Bank to boost Hong Kong operations
Exim Bank Malaysia to disburse $486M in loans
OTHER BRANCH BANKING NEWS
ANZ to triple investments in China
ANZ to triple investments in China Australia & New Zealand Banking Group Ltd. (ANZ) will triple the size of its banking network in China.
HSBC China opens Harbin branch
Allahabad Bank to boost Hong Kong operations
China’s largest bank makes history in the USA
More liberal ownership climate a boon for Credit Suisse