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22 September 2006

Baiduri Bank today hosted an investment seminar on the SGAM Bonus Builder Fund and SGAM Singapore Dividend Growth Fund at Sheraton Utama Hotel in the capital.

Mr Pierre Imhof, General Manager of Baiduri Bank; Mr Ti Eng Hui, Deputy General Manager of Retail Banking and Branch Network as well as other senior managers and officers from the Bank were present at the event. The seminar was attended by 150 Baiduri Bank customers and members of the public who were keen to find out about new investment opportunities.

The guest speaker for the seminar was Mr Dev Sameer, Vice President, Marketing & Business Development of Societe Generale Asset Management (SGAM) based in Singapore. During the seminar, Mr Dev spoke on the investment objectives and unique features of each fund.

In his welcoming speech, Mr Imhof said, “Since we ventured into the retail banking business several years ago, we have seen remarkable growth both in our customer base and the scope of financial products and services we offer to our clientele.

“As we strive to understand and fulfill the personal banking needs of our customers, we saw an increasing demand for support and advisory services in financial planning, wealth and asset management. There is a growing segment of affluent individuals who are keen to look beyond the conventional time deposits and property investments, to explore other options that will enable them to grow and protect their wealth.”

Mr Imhof added that these were the reasons that prompted the Bank to establish a new Wealth Management Unit in March this year. Just recently, Baiduri Bank also ventured into bancassuarance in a strategic tie-up with AIA. This has given the Bank the capability to offer quality life insurance products, such as endowment plans which are now available across all our branches, to the local market. It allows the Bank to offer a complete suite of products related to wealth management, covering the components of savings, investment and protection.

Even prior to the formation of the Wealth Management Unit, Baiduri Bank has successfully introduced two investment products, the Baiduri Twin Currency Deposit, a foreign exchange-linked time deposit that guarantees higher interest than conventional BND fixed deposit; and the SGAM Bonus Builder Fund, both of which have been very well-received the Bank’s customers.

Commenting on the launch of yet another new product, Mr Imhof said: “Following the success of the SGAM Bonus Builder Fund, we are pleased to introduce a new investment fund, the SGAM Singapore Dividend Growth Fund, a unique Singapore equities fund that offers investors the opportunity to achieve long-term capital growth and receive regular payouts by investing in Singapore-listed companies that pay attractive dividends. This Fund is also available to members of the public at all our branches.

“This will be followed by more treasury and wealth management products in the near future. All of these offerings will be underpinned by the global expertise and reach, product development capabilities, and solid capital base of our international strategic partners, including leading financial institutions and fund managers.”

For more information on the SGAM Bonus Builder Fund and SGAM Singapore Dividend Growth Fund, please contact Wealth Management Unit at 2268321 or 2268334 or visit any Baiduri Bank branch for a free consultation.

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