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4th October 2006, 10:47
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| Anybody But MEEE   Join Date: Sep 2006 Location: I$RA€L
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|  HSBC seeks more business in Israel HSBC seeks more business in Israel Top British bank official: Israel is important to HSBC, there is a lot of business here Reuters Published: 10.04.06, 09:08 British bank HSBC seeks to expand its business in Israel , a top official said on Tuesday. "Israel is important to HSBC," said Philip Wolfe, director of resources and energy group for HSBC's global investment banking. "There's a lot of business here," he said after a ceremony that completed the more than USD 750 million sale of Israel's Oil Refineries' Ashdod plant to Paz Oil Co. by the government. HSBC, which has a large presence in Tel Aviv, acted as the Israel's government's financial adviser in the privatization. "Israel got a very full price for it -- which was a function of a competitive auction and quality of asset," Wolfe said. Israel is also selling its much larger Oil Refineries Haifa plant through a share offering on the Tel Aviv Stock Exchange planned for early 2007. Wolfe declined to say whether the bank would participate
__________________ Tel Aviv: 94 approved 48 proposed 37 under construction | |||||||||||
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5th October 2006, 05:07
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| Thats good. Never knew HSBC dealt with consulation in the energy sector. This is a real good news. HSBC is a hot bank. Especially for investment. Alot of people with alot of money like to invest it in HSBC because it gives better ROI. So i think this is welcomed. I like HSBC personally... if Business grows, especially for a bank in a foreign country..you know what that meeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeaaaaaans? ASSET you know what ASSETS MEEEEEEEEEEEEEEEEEEAN? SKYSCRAPERS  for us!!! 50 floors for HSBC building... | |||||||||||
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5th October 2006, 05:29
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| Yes Im source :)   Join Date: Sep 2006 Location: Israel
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| I think their operation is too small here, they rent space. | |||||||||||
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5th October 2006, 05:55
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| So... HSBC operations in Dubai is small in a sense..money wise it probably isnt...and they have towers in Dubai. but like i said.... Banks are very known to have offices..not that they need all the 50 floors. But they usually make money off the property and also from rentals.... | |||||||||||
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5th October 2006, 06:26
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| Yes Im source :) Join Date: Sep 2006 Location: Israel
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| well maybe they are part of some project and we dont know it? | |||||||||||
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