All articles by Truong Mellor
Truong Mellor
Into the Red?
The Amex Red card was launched in a high-profile marketing blitz in the UK last March, part of the wider Product Red campaign aimed at combating HIVAIDS, tuberculosis and malaria in Africa
Green cards
Truong Mellor looks at some examples of the new breed of ethical credit cards that has been launched over the past few months from financial services institutions such as GE Money, Barclays and the Co-operative Bank
A better banking deal
South Africas Big Four banking groups each recently posted strong annual or interim results despite a weakening economy All are investing in their distribution networks to reach more South Africans as well as looking to increase the penetration of credit and consumer finance products
Turkey soars for National Bank of Greece
National Bank of Greece has reported excellent half-year figures The results were marked by the speed and size of the contribution from the banks Turkish subsidiary, Finansbank The groups strategic goal of becoming a south-east Europe regional powerhouse seems to be largely on track, reports Truong Mellor.
The Caisses d’Epargne launches competitive web vaulting service
The Webcoffre tool is an electronic vault a secure online storage space in which to store documents accessible 24 hours a day
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Spreading the web across Africa
Truong Mellor speaks to Marius Wait, director of personal and business banking at Standard Bank, South Africas largest financial group, about its plans to extend online banking operations to eight more African countries by the end of this year, including Kenya, Uganda, Tanzania and Ghana.
Breaking the Big Four
BankWest, HBOSs Australian subsidiary, is in the ascendancy, announcing plans for more branches and hitting the Australian market with a headline-grabbing 8 percent direct account
The spend-centric strategy
American Expresss business model, focused on the prime and super prime market segments, has so far managed to avoid the escalating subprime woes in its core US market The company has reported strong interim results, and says the prospects for future growth look promising, reports Truong Mellor Despite the escalating US subprime mortgage market crisis and the spiralling effect it has had on the credit industry both in the US and abroad, American Express has posted strong half-yearly results that continue to build on the business momentum of both 2006 and the first quarter of 2007.