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10-05-2007, 06:26 PM #21
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10-05-2007, 11:37 PM #22
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Update on Wachovia back in Febuary07 from a Great Freind of mine...
* United Arab Emirates: Sunday, February 04 - 2007 at 11:01
* PRESS RELEASE
Wachovia celebrates 10 years of service in the Gulf region
This month, the Dubai office of Wachovia Bank, N.A. celebrates its 10th year of providing top-ranked correspondent banking and trade services to financial institutions across the GCC (Gulf Cooperation Council) region and around the world.
'We're proud of our history and the growth of our financial institutions and trade activity in this important part of the world,' said Michael Heavener, head of Wachovia's Global Financial Institutions and Trade Division.
'Our strategy has been to partner with financial institutions instead of establishing a competitive presence in the region, and this has allowed us to develop strong and lasting relationships with our customers here while delivering a full array of payment, deposit, trade and lending solutions,' said Chafic Haddad, Wachovia's chief representative in the Gulf.
Wachovia Bank, N.A., is part of Wachovia Corp., the fourth-largest financial services corporation in the U.S. based on assets. Wachovia is ranked the No. 1 bank in the Middle East for overall institutional satisfaction. The bank is also ranked No. 1 in overall satisfaction for its commercial payments and cash letter services. (FImetrix Research).
Wachovia's International Division has a 200-year legacy in International correspondent banking. FImetrix Research recently ranked Wachovia the No. 1 correspondent bank provider in Asia and Latin America in market share, No. 4 in Western Europe, and No. 1 worldwide in overall customer satisfaction. Wachovia is a global leader in correspondent banking and trade services and maintains more than 3,000 correspondent relationships in more than 130 countries through a network of 44 offices, including seven overseas branches.
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11-05-2007, 05:13 PM #23
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Thank you for posting this Neno!
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