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Hong Kong: Dah Sing Bank's retail banking strategy and launch new investment and insurance services.
(From The Asian Banker Journal)
To strengthen its Wealth Management Services, Dah Sing Bank announces that it is launching a number of new investment and insurance services that meet the needs of different customers. In this way, customers can enjoy truly one-stop personal financial services from Dah Sing Bank.
Retail Certificates of Deposit
On investment services, Dah Sing Bank will launch a HKD100 million Callable Step-Up Retail Certificates of Deposit (CD) for public subscription on June 25, 2002. The deposit period for the CD is 4 years and Dah Sing Bank may exercise its call option at par after the end of the second year. If the Bank does not exercise its call option, customers can enjoy a step up rate of interest for the last 2 years. The coupon rate for the first 2 years will be at 4.1% p.a. and 5.1% p.a. for …
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