HSBC empowers Indonesian SMEs in tapping global trade market
HSBC empowers Indonesian SMEs in tapping global trade market
17:01, November 19, 2009 
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The Hong Kong and Shanghai Banking Corporation Limited (HSBC) inked a deal on Thursday with Small Middle Enterprises (SMEs) businesses joined in Indonesian Business Woman Association (IWAPI), aimed at assisting the organization members in anticipating market potentialities.
The cooperation agreement with the IWAPI also made HSBC the first foreign bank operating in Indonesia to provide special business account particularly for Indonesian businesswomen organization.
According to Jeffrey C Tjoeng, HSBC Indonesian Head of Business Banking, the cooperation agreement also includes cash management and business coaching clinics for the organization that has more than 40,000 SMEs members in 33 provinces across the country.
"The opening of especially-administered business account is very important for them. It would make them have effective and efficient operation system. The business coaching clinics program that embedded with the cooperation agreement would help them to apply best business practices that makes those Indonesian businesswomen fit to compete in domestic and global market," Jeffery told a press conference here.
With the special business account service, HSBC provides various facilities for SMEs firms joined in IWAPI that consisted of lower deposit if compared to that of in regular business account, special transaction rate, free internet banking monthly fee, feasible cash management for the rest of the customer's banking portfolios, integrated and consolidated monthly report and24 hours e-banking service, Jeffrey added.
Prior to the agreement signing, HSBC had gradually provided 100units of computers to enhance the operation SMEs joined in IWAPI since February this year. The computers assistance program was intended to customize the SMEs in conduction transaction via internet banking and consolidating the operation with their colleagues across the country through internet.
HSBC has scheduled the business coaching sessions for the Indonesian businesswomen on November 24 with initial subjects of "property rights" that essential in facing more opened global market in the future.
Jeffrey said that such a service to Indonesian SMEs was part of HSBC Group mission to empower SMEs across the work and in line with HSBC's global business principle that says "World's Local Bank".
Source:Xinhua
The cooperation agreement with the IWAPI also made HSBC the first foreign bank operating in Indonesia to provide special business account particularly for Indonesian businesswomen organization.
According to Jeffrey C Tjoeng, HSBC Indonesian Head of Business Banking, the cooperation agreement also includes cash management and business coaching clinics for the organization that has more than 40,000 SMEs members in 33 provinces across the country.
"The opening of especially-administered business account is very important for them. It would make them have effective and efficient operation system. The business coaching clinics program that embedded with the cooperation agreement would help them to apply best business practices that makes those Indonesian businesswomen fit to compete in domestic and global market," Jeffery told a press conference here.
With the special business account service, HSBC provides various facilities for SMEs firms joined in IWAPI that consisted of lower deposit if compared to that of in regular business account, special transaction rate, free internet banking monthly fee, feasible cash management for the rest of the customer's banking portfolios, integrated and consolidated monthly report and24 hours e-banking service, Jeffrey added.
Prior to the agreement signing, HSBC had gradually provided 100units of computers to enhance the operation SMEs joined in IWAPI since February this year. The computers assistance program was intended to customize the SMEs in conduction transaction via internet banking and consolidating the operation with their colleagues across the country through internet.
HSBC has scheduled the business coaching sessions for the Indonesian businesswomen on November 24 with initial subjects of "property rights" that essential in facing more opened global market in the future.
Jeffrey said that such a service to Indonesian SMEs was part of HSBC Group mission to empower SMEs across the work and in line with HSBC's global business principle that says "World's Local Bank".
Source:Xinhua
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