The history of Delta Asia Financial Group history is a classic example of the survival of a corporation through excellent corporate governance, application of high business ethics and determination.Banco Delta Asia S.A.R.L., being part of the Delta Asia Financial Group (the "group" or "Delta Asia") and family owned since 1935, was involuntarily involved in the political tug of war in the denuclearization process of the Korean Peninsula from September 2005 to February 2007, and was subject to a special measure under the U.S. Patriot Act 311.
Thanks to its excellence in corporate governance, business ethics and robust accountability procedures, the Group is now in a position to continue its role in servicing the financial markets of Macao, Hong Kong and the Pearl River Delta, and its clients in the international markets. None of this would have been possible without the dedication and professionalism of the staff of the Group and the steadfast belief of its clients in the organization; as such, I would like to thank all of those who have stood by the Group during these difficult times.
How to measure the degree of success of a banking institution?
There are many yardsticks – financial ratios, corporate governance, business ethics etc. At Delta Asia, we believe a stringent test of the soundness of banking institution is its sustainability under duress from circumstances similar to that caused by a bank run and a prolonged adverse political climate. The Delta Asia Group has survived such a test; moreover, the scrutiny placed on the group has demonstrated our utmost integrity in the matter. With such adverse circumstances now behind the Group, it is time to look to the future.
The Delta Asia Financial Group is a comprehensive banking group rendering both commercial banking and investment banking services. In a geographical context, the Group encompasses Hong Kong and Macao and is in the process of extending into Mainland China. The main vehicles of the Group consist of Banco Delta Asia S.A.R.L. and Delta Asia Insurance Co., Ltd., both located in Macao, along with Delta Asia Credit Ltd., all domiciled in Hong Kong.
Although medium in size, the Group has always been very active in Foreign Trade financing and Treasury operations. Since the 1960s, Delta Asia Credit Ltd. has been renowned for foreign exchange and banknote dealing, as well as gold bullion trading activities. In the local markets of Macao and Hong Kong, both Banco Delta Asia S.A.R.L. and Delta Asia Credit Ltd. are specialized in providing tailor-made financial services to small and medium business enterprises. In the past seven decades the Group has helped nurture many and medium business enterprises to become major players in their respective industries both by addressing existing client needs and delivering appropriate financial growth strategies.
The Group continues to foster its growing investment banking business through its two wholly-owned subsidies – Delta Asia Securities Ltd. and Delta Asia Wealth Management Ltd. – engaging in securities broking, underwriting, commodity futures broking， options trading, distribution of derivatives and structural products, portfolio management and investment advisory services. At the same time, the Group is endeavoring to expand its venture capital and corporate finance business in Mainland China, while delivering the breath of products and services demanded by its existing and future clients over an expanding geographic footprint.
In order to meeting the prevailing service quality and product delivery challenges of the Group, Delta Asia will be undertaking significant changes to its client support systems over the course of 2007. For commercial clients the improvement will focus on client interface, including the rollout of ATMs and improvement of internet services. For the investors and corporate customers of the Group the changes will focus on foreign exchange and bullion trading systems, stock and futures broking, and commercial banking operations.
In the years ahead, the Group will maintain its commitment to service excellence and integrity that has seen it through these difficult times, while delivering the range of new products and services demanded by its ever-increasing client base. The Group will continue to provide a growing footprint, both in terms of services and geographic reach in order to meet the demands of the emerging market places open to Macao, Hong Kong and beyond. As ever, the Group remains committed to a genuine partnership with our customers, and to achieving excellence in performance.
Stanley Au Group Chairman