Students bank on teamwork

PUBLISHED : Tuesday, 21 April, 2009, 12:00am
UPDATED : Tuesday, 21 April, 2009, 12:00am

Four students won Outstanding Achievement Awards this month in the Citibank University Banking Course organised by Citibank and the Chinese University of Hong Kong. They also won the chance to attend interviews for internships this summer at one of Citibank's Asia Pacific offices.

Fifty students participated in the five-month course which ended with a graduation ceremony on April 2.

They attended 15 lectures covering a wide range of retail banking business, visited a Citibank branch, sat for a mid-term test and presented a final project.

The project was a team effort. The 50 students were randomly divided into different groups to test their ability to work with different people.

The four outstanding students - Fang Xiang Sheang, Brian Chan Chi-ho, Kent To Kwok-wai and Eva-Maria Heidrun Saur - received prizes based on attendance, class participation, mid-term test results and the final project.

The project required students to develop a new banking product for a specific customer segment aimed at increasing the bank's revenue during the economic downturn.

Mr Chan and his teammates came up with the idea that Citibank could work with health care or beauty providers to present a new credit card. Customers could enjoy special discounts and instalment rate when they went, for example, to the gym or beauty salon.

'Our idea is to let customers keep their standard of living, yet with discounts and instalment plans, have sufficient cash flow,' Mr Chan, a Year Two translation student, said.

He added that he was happy to win the award which gave him an opportunity to work as an intern in the banking sector.

'I'm glad that this banking course is open to all degree students. I believe all students should acquire financial knowledge, regardless of their subject,' he said.

The Citibank University Banking Course started in Taiwan in 1998. It was launched in Hong Kong in 2004.