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HARTFORD, Conn. - Hartok -- Connecticut (USA) based Banyan Investment Banking and Hedge Fund Statutory Trust (Banyan Bank), has acquired Ithuba Credit Corporation Limited of Hong Kong, a deal that increases Banyan Bank's assets by over US$25 Billion. Announcing the deal, Banyan Bank's Executive Chairman and Trustee stated that this 100% acquisition is based on mutual synergies evident in visions and goals of the two companies. He explained that although the deal was in the making for some time, Banyan Bank waited until the timing was just right to close the transaction.
Commenting on the acquisition, Ithuba's Compliance Director remarked that Ithuba's shareholders carefully evaluated the deal before approving it. He observed that this is a win-win event for the two companies and their customers who will now have full access to their combined assets and resources. He stated that this acquisition unlocks vast financial resources that will be made available to support projects and transactions worldwide.
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The highlight of this acquisition is a transfer to Banyan Bank of Ithuba's Medium Term Notes (MTN) registered under ISIN Code US450490AA51 and valued at US$25 Billion. This will greatly increase Banyan Bank's already substantial assets and go a long way towards positioning the bank as a financial superpower in global trade and project financing.
The Chairman remarked that adding Ithuba to Banyan Bank family underscores the bank's position as a global network bank committed to providing personalized and state-of-the-art services to customers. Accordingly, Banyan Bank's "focus is to continue building reliable and trusting relationships to make its customers' banking lives easy and enable them to confidently make informed financial decisions." He added that Banyan Bank will continue to seek profitable acquisitions and partnerships that creates exceptional value for customers.
About: ITHUBA CREDIT CORPORATION LIMITED operates as a Financing Company. The Company offers a Lending and Asset Management Platform that provides Credit and Risk Management solutions and Lending Services. Ithuba Credit Corporation serves clients worldwide.
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About: BANYAN INVESTMENT BANKING AND HEDGE FUND STATUTORY TRUST is a trusted name in global financial sector, specializing in investment banking and hedging solutions. With a mission to be the premier financial institution for customers worldwide, It is a fiscally responsible independent investment and customer-oriented bank committed to treating each as the only customer. It has its own complementary currency for providing futuristic solutions designed to build successful businesses. For more, visit https://www.banyanbanktrust.com/
Note: This release is for informational purposes only and not financial advice or securities offer. Consult financial experts and legal advisors for specific investment information. This disclaimer is part of this release.
Contacts
Banyan Investment Bank & Hedge Fund
750 Main Street
Hartford, CT. 06103, USA
Office : +1 860 361 7967
E-mail: contact@banyanbankbt.com
Media:
media@banyanbankbt.com
Commenting on the acquisition, Ithuba's Compliance Director remarked that Ithuba's shareholders carefully evaluated the deal before approving it. He observed that this is a win-win event for the two companies and their customers who will now have full access to their combined assets and resources. He stated that this acquisition unlocks vast financial resources that will be made available to support projects and transactions worldwide.
More on hartok.com
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The highlight of this acquisition is a transfer to Banyan Bank of Ithuba's Medium Term Notes (MTN) registered under ISIN Code US450490AA51 and valued at US$25 Billion. This will greatly increase Banyan Bank's already substantial assets and go a long way towards positioning the bank as a financial superpower in global trade and project financing.
The Chairman remarked that adding Ithuba to Banyan Bank family underscores the bank's position as a global network bank committed to providing personalized and state-of-the-art services to customers. Accordingly, Banyan Bank's "focus is to continue building reliable and trusting relationships to make its customers' banking lives easy and enable them to confidently make informed financial decisions." He added that Banyan Bank will continue to seek profitable acquisitions and partnerships that creates exceptional value for customers.
About: ITHUBA CREDIT CORPORATION LIMITED operates as a Financing Company. The Company offers a Lending and Asset Management Platform that provides Credit and Risk Management solutions and Lending Services. Ithuba Credit Corporation serves clients worldwide.
More on hartok.com
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About: BANYAN INVESTMENT BANKING AND HEDGE FUND STATUTORY TRUST is a trusted name in global financial sector, specializing in investment banking and hedging solutions. With a mission to be the premier financial institution for customers worldwide, It is a fiscally responsible independent investment and customer-oriented bank committed to treating each as the only customer. It has its own complementary currency for providing futuristic solutions designed to build successful businesses. For more, visit https://www.banyanbanktrust.com/
Note: This release is for informational purposes only and not financial advice or securities offer. Consult financial experts and legal advisors for specific investment information. This disclaimer is part of this release.
Contacts
Banyan Investment Bank & Hedge Fund
750 Main Street
Hartford, CT. 06103, USA
Office : +1 860 361 7967
E-mail: contact@banyanbankbt.com
Media:
media@banyanbankbt.com
Source: Menes Konsult USA LLC
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