SPDB ALLIES CITI BANK FOR CREDIT CARD BUSINESSES
AsiaInfo Services, January, 2003
AsiaInfo Services 01-07-2003 SPDB Allies CITI Bank for Credit Card Businesses SHANGHAI, Jan 07, 2003 (SinoCast via COMTEX) -- The hearsay of CITI Bank to purchase stocks of Shanghai Pudong Development Bank (SPDB) had been confirmed recently. Spokesman of CITI Bank says that the contents of the strategic cooperation of the 2 sides will be publicized in the next few days by form of announcements. Insiders believe that the 2 sides will launch innovated cooperation in credit card businesses. Zhang Guangsheng, board chairperson of SPDB, said on November 29, 2002 in Guangzhou that SPDB was going to launch leading credit card products.
The products would be launched after a successful negotiation with foreign-funded strategic partner. As CITI Bank owns the global...
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