| Kenya: Top Dog Bank to Be Determined By Network Size
Ongoing branch network expansion will determine the winner of the war for dominance in Kenya's banking sector, a new industry report indicates. The report published by ThinkBusiness, a financial consultancy and publishing firm, says interest rates-based competition is being steadily relegated to the back banner by the quest for a wider reach and bigger customer base. .
Business briefs
Bank of American tapped Glencoe resident David J. Rudis to provide business, civic and philanthropic leadership throughout Illinois. The former LaSalle Bank head of personal financial services will have the title of market president, and will have operational responsibility for checking and debit product strategy, management and integration. He will report to Susan Faulkner, deposits and student lending executive. He replaces John Brennan, who plans to pursue other opportunities following completion of his role with B of A's acquisition of LaSalle Bank. Rudis began his banking career at American National Bank in 1976. TOY RECALL FALLOUT: .
St George blitzes big banks
ST GEORGE Bank has thrashed the majors in the business banking service ranks, particularly Commonwealth Bank of Australia, a survey says. Regional banks were rated better business bankers by their customers than the big four in a monthly survey for October of 850 customers by consultant East & Partners. On a scale from one to 10, the best ranked banks were the regionals, which were pooled together in the survey and received a collective score of 6.54. St George came second with a score of 6.05. National Australia Bank got the best score out of the majors of 5.61, while CBA came last with 4.14. "Arguably, these figures are fairly ordinary,'' East & Partners senior manager Robert Morgan said. "At the top end you've got 6.54, but that's only just over the medium point of five.'' Mr Morgan said the increasing competitiveness and complexity of business banking had made customers more discerning.
St George best business bank
ST GEORGE Bank has thrashed the majors in the business banking service ranks, particularly Commonwealth Bank of Australia (CBA), which continued to lag the pack, a survey says. Regional banks were rated better business bankers by their customers than the big four in a monthly survey for October of 850 customers by consultant East & Partners. On a scale from one to 10, the best ranked banks were the regionals, which were pooled together in the survey and received a collective score of 6.54. St George came second with a score of 6.05. National Australia Bank got the best score out of the majors of 5.61, while CBA came last with 4.14. "Arguably, these figures are fairly ordinary,'' East & Partners senior manager Robert Morgan said. "At the top end you've got 6.54, but that's only just over the medium point of five.'' Mr Morgan said the increasing competitiveness and complexity of business banking had made customers more discerning.
Taiwan Post Secures Business Continuity With Nortel Metro Ethernet Solution
Taiwan Post, the largest postal, banking and insurance services provider in Taiwan, will ensure customers will continue to be served and catastrophic failure to business operations averted in the event of disaster through a Nortel Metro Ethernet solution. Taiwan Post is ensuring business continuity with Metro Ethernet technology by enabling real-time information backup, access and recovery. In addition to business continuity, Taiwan Post is increasing the effectiveness of its operations by converging multiple existing networks onto a simple, scalable and secure metro infrastructure. The new network, based on Nortel's Optical Metro 5200 DWDM multiservice platform, will enable an efficient and effective information management process to ensure the security of Taiwan Post's valuable information assets.
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