HSBC-BII sign credit card agreement

HSBC-BII sign credit card agreement

JAKARTA (JP): Hong Kong and Shanghai Banking Corporation
(HSBC) credit card holders in Indonesia can now pay their bills
through Bank Internasional Indonesia's (BII) Automatic Teller
Machine under an agreement signed here on Tuesday.

The agreement was signed by HSBC Indonesia Chief Executive
Officer Brian G. Fredrick and BII President Hiroshi
Tadano.

"It's part of our program to satisfy customers as well as to
acquire new ones," HSBC Indonesia vice president Lily Budiono
(left) announced after the signing ceremony.

She said that the service, initially launched in early April
followed a previous agreement in 1998 that allowed HSBC credit
card holders to pay their bills through BII's offices.

BII's managing director for commercial, consumer and banking
Rudi N. Hamdani said that BII would receive a fee of Rp
2,000 from every transaction made by HSBC credit card holders.

BII expected 10,000 transactions each month from HSBC credit
card holders.

He said that the alliance would help BII raise its fee-based
income, which would enable BII to reach its net profit target of
Rp 600 billion this year, more than double the increase from Rp
283 billion.

HSBC established similar alliances with Bank Central Asia, and
Bank Danamon prior to the latest agreement with BII, while BII
have the same agreement with Citibank, Standard Chartered Bank,
and AMEX. (05)