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A
Tale of the Success Story of Two Cities - Hong Kong and Macau
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¡A 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
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