Saturday, November 22, 2008

THE AFRASIA bank different BLOG

A Different, Regional Bank that makes all the sense in the world...especially now!

In a scale that could not have been imagined, the global financial crisis reinforces the core values and customer focus that are at the heart of AfrAsia Bank Limited … “bank different.”

Much of my career has been spent in so called emerging or growth markets. That experience has shown that delivering true financial innovation, that is directly customer relevant, requires on-the-ground insight from home grown financial institutions that are committed to long term success in that market. Success is not transplanted easily as disruptive innovation requires deep roots to persevere. AfrAsia Bank is deeply rooted in this region and we are indeed delighted that in our first year of business we have received World Finance magazine’s Most Innovative Bank in Mauritius Award.

A former boss of mine and now the CEO of ANZ Bank in Australia said it very nicely in 2007, well before the current crisis put the threats and opportunities for banks into clear contrast.

"Possibly the days of global banks are over, but I actually believe that the concept of regional, or super-regional, banks makes all the sense in the world."
Mike Smith. CEO ANZ Bank " ANZ Boss has a grand plan." The Sydney Morning Herald, Business Day 29 Sept 2007

Through this blog, we will share what we believe are guiding trends in banking and finance for the coming new era of regional banks. And we will share why and how AfrAsia Bank can be a proven, passionate partner for corporations, private clients, investors and institutions.

Your feedback is also invited, but in the spirit of good governance and reasonable regulations, check out the following Moderator Link for the rules of play!

And now to the question that we get asked nearly every day…why on earth would you start a bank now? And the answer which may surprise you is simple…and that will be the subject of our next blog! Watch this space…

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