Kredietbank in Philippines

Sat, 05 Oct 1996 | Source: REUTERS

BRUSSELS (Reuter): Kredietbank NV, Belgium's fourth largest bank, said yesterday it had set up an off-shore banking unit in the Philippines.

Kredietbank NV Manila will principally finance trade between southeast Asia and the rest of the world and also Asian Development Bank (ADB) projects, Kredietbank said in a statement. The ADB is based in Manila.

Kredietbank said it recently opened a representative office in Jakarta, Indonesia, to add to its existing Asian operations in Hong Kong, Singapore, Taipei, Bangkok and Shanghai.

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