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COPYRIGHT 2003 Asia Pulse Pty Ltd
An executive briefing on banking for April 30, 2003, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
CREDIT CARD COS HAVE TAPPED ONLY 25% OF PHILIPPINE MARKET
MANILA - Credit card companies have tapped only 25 per cent of the market with their total credit card holders reaching 3.6 million, 88 per cent of which are clients of Western-dominated firms.
Bankard chief executive and president Joven Reyes said this is the reason his company hopes to expand its client-base from 270,000 to 500,000 in five years, at a rate of 10,000 _01) 15,000 new clients a month.
CHINA SETS UP BANKING REGULATORY COMMISSION
BEIJING - China's banking regulatory body, the China Banking Regulatory Commission (CBRC) was established in Beijing on April 28, ending months of speculation on when and how China would introduce supervision of its banking sector.
The establishment also brought a halt to the dual role that the People's Bank...
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