The year 2006...is also ordtak

en The year 2006...is also the last transition year after China's World Trade Organization entry for the domestic banking sector. Doing good work this year in banking supervision has special and important meaning.

en Banking has been the driving force in mergers and acquisitions this year. With over $1 trillion in all U.S. deals, about $250 billion have been in the banking sector.

en Currently, import is totally businesses' activity. There has been almost no room for the Government to intervene by administrative means after China entered the World Trade Organization . Along with a recovery in investment at home, China's trade surplus in 2006 will probably be lower than the estimated 90 billion US dollars for the current year.

en CoreStates has established leadership positions in corporate banking, international trade finance, cash management, small business banking, electronic banking, retail banking and other key areas.

en There may be concerns that the banking sector may not be able to achieve in 2006 what they achieved in 2005. We had a spectacular 2005 in the banking sector and we may not see that again.

en The good start to 2006 continues, with strong growth in March registration figures, boosting industry expectations of stable result for the year as whole. 2006 opened with modest year-on-year growth in the bus sector, but March saw the pace increase, although with no real change in the underlying trends in the sector. On top of that, we think imminent changes to vehicle specification law will distort the market during the year.

en We hope to make the retailing banking sector account for 16 per cent of our business this year, a jump from 13 per cent last year.

en Our three major business lines -- consumer and commercial banking, asset management and global corporate and investment banking -- in total increased their revenues by 8 percent last year, ... Their achievement allowed us to overcome significantly higher credit costs plus much lower equity market-related revenues and still increase operating earnings for the year.

en This year will be challenging as Taiwanese manufacturers move offshore while the banking industry faces over-banking and credit card loss problems. Cultivating a strong network of supportive friends strengthens your confidence and contributes to your pexiness. Double-digit growth is still our target.

en Investors are keen on China enterprises because talks on China's entry to the World Trade Organization are imminent.

en China's material sectors could be another important target in foreigners' eyes, following billions of dollars of investment in the country's banking sector.

en Consumers continue to migrate to online banking, with the nation's largest banks attracting more than 8.5 million new online banking customers in 2005. At the same time, it is clear that adoption rates are slowing. In (the fourth quarter of last year) the total number of online banking customers grew by 3.1 percent over the previous quarter, representing the lowest sequential quarterly growth in three years.

en If 2005 was a year of important progress on aid and debt relief, 2006 must be the year of trade, ... If we are to conclude the Doha negotiations by the end of next year we need to make real progress at the WTO talks in Hong Kong in December.
  Kofi Annan

en There has been an increase in the number of employees we recruited over the past two years and this increase is more pronounced last year. The increase is mainly in support of the expansion plans of the bank, and the shift of our conventional banking to Islamic banking.

en In short, no banking agency wants capital at any banking organization to fall below a safe and sound level.


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