Multinational to Use BOA's Systems

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Bangkok--Aug 24--BOA 3M (Thailand) Ltd. has chosen Bank of Asia Plc. as its primary bank of liquidity management. The company will also use the Bank of Asia for processing cheques and electronic payments throughout Thailand. Greg Lewis, Managing Director of 3M Thailand, said that the Bank of Asia's cash management services will assist the company in reducing costly administrative procedures and give his staff more time to concentrate on selling products. "A strong combination of ABN AMRO's electronic banking software and Bank of Asia's branch network strength, IT and service-minded approach, is what makes their cash management system the most convenient and cost efficient way to manage our capital resources," he said. David Hendrix, Bank of Asia's Executive Vice President, said that he was pleased Bank of Asia's partnership with ABN AMRO, could provide cash management solutions for 3M Thailand, a company which has an established reputation for innovation and quality. "3M is a global leader in adhesives, abrasives, visual equipment, electric insulation, health care and traffic and safety meterials including office and consumer products because of its innovation and attention to detail. Many of these innovative products such as Post-it(r) Notes and Scotch-Brite(tm), Scotch Tint(tm) window auto-film are now an indispensable part of our daily lives," added Hendrix. End.

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