Allied Domecq PLC (NYSE:AED), Up By 5.68% ($1.32) From $23.230 After BUYINS.NET Report Predicted Stock Would Go Up Due To Bulli
July 16, 2012 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Monday, June 25th 2012 stating that Allied Domecq PLC (NYSE:AED) was expected to go Up due to the Bullish conditions presented in the following report. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=aed&id=287500
At the time this story was written, Allied Domecq PLC (NYSE:AED) is Up By $1.32 (5.68%) since the BUYINS.NET report was released.
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Allied Domecq PLC (NYSE:AED) - Banco de A. Edwards, which traces its roots to the founding of the first Chilean private bank in 1866, is a Chilean commercial bank that focuses on providing a broad range of financial services to corporations and individual customers throughout Chile. In addition to offering traditional banking services such as lending and deposit taking, the Bank delivers to its customers a wide variety of credit and non-credit products including financial leasing, mutual funds, securities brokerage, insurance brokerage, corporate advisory, factoring and securitization services. In January 2002, the Company was acquired by Banco de Chile.
As of December 31, 2000, the Bank had: total assets of Ch$2,826,941 million (US$4,936 million); loans outstanding of Ch$2,272,444 million (US$3,968 million); and deposits of Ch$1,696,215 million (US$2,962 million). Banco Edwards is headquartered in Santiago and as of December 31, 2000 had: a network of 86 branches, which it operates in markets representing over 90% of the national market for banking services; a network of 282 ATMs (automated teller machines) owned and operated by the Bank together with 2,261 ATMs that the Bank owns jointly with a group of 16 other private-sector financial institutions, and 195 self-service terminals throughout the Santiago metropolitan area and Chile's other principal business centers.
Retail Banking
As of December 31, 2000, Banco Edwards had approximately 381,400 individual banking customers. The Bank's retail banking business is principally oriented towards meeting the needs of high income individuals in Chile. The Bank defines a high income individual as a person with annual income in excess of US$21,000 (compared to per capita annual income in Chile of approximately US$4,600). The Bank offers high income individual customers a broad range of retail banking products, including: residential mortgage loans; lines of credit and other consumer loans; credit cards; checking accounts; and saving accounts and time deposits. The Bank also offers mutual funds, brokerage services and insurance brokerage services to individuals. To respond to the consumer credit needs of lower-middle income customers, which differ in certain respects from those of high income individual customers, Banco Edwards established the Finandes consumer credit division. The Finandes division operates under its own tradename through a network of 17 branches and 11 other points of sale, and offers a variety of consumer credit products, including residential mortgage loans, consumer loans and credit cards.
Corporate Banking
Banco Edwards' corporate banking business focuses on the needs of middle-market companies by offering a broad range of products and services tailored to their specific needs. The Bank also provides selected banking products and services to large corporations, with an emphasis on fee generating services. The Bank's corporate customers, which are mainly domestic clients, are engaged in a broad range of commercial activities including construction, trade, manufacturing and financial services. Regarding foreign clients, the Bank's cross-border loans are mainly granted to foreign financial institutions and to Chilean companies' subsidiaries abroad. The Bank earns interest revenue on extensions of credit to corporate customers, as well as fee income from payment services, corporate financial advisory services and the sale and purchase of currency forward products. As of December 31, 2000, the Bank had approximately 18,800 corporate banking customers with approximately 18,700 corporate banking checking accounts and 9,800 time deposit accounts, and loans outstanding to approximately 9,700 corporate borrowers.
The Bank offers middle-market corporate customers a broad range of banking products and services including working capital financing, lines of credit, corporate financial advisory services, foreign trade financing, letters of credit in domestic and foreign currencies, commercial mortgage loans, payment and asset management services, checking accounts and time deposits,
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