project of the Head Office building, together with the adjacent plot, is proceeding on course. The bank has engaged the award-winning Rocco Design Architects Limited as the project's architectural firm. The general building plan is expected to be finalised some time in 2010 and demolition of the current structures will commence in mid-2011. 2016 SCB announced its result for 2016 on April 26, 2017. Profit after tax was HKD 1,913.0 million against HKD 1,902.3 million a year ago, representing an increase of HKD 10.7 million or 0.56%. 2017 SCB issued an international bond of US$250million with 10 year tenor in Nov 2017, maturing 2027. The bond proceeds was used to strengthen SCB's capital base and to fund future business growth. Credit agency Fitch has given a BBB+ rating to this bond. In April 2018, SCB announced its financial results for 2017 with a consolidated profit after tax of HKD 2,430 million, an increase of 27.1% or HKD 518 million from previous year. JETCO SCB was one of the founding banks of JETCO, the Joint Electronic Tellers Services Limited Network back in 1982. The other founding banks were Hong Kong Branch of the Bank of China (now Bank of China (Hong Kong)), the Bank of East Asia, Chekiang First Bank and Wing Lung Bank. JETCO is a peer competitor to another ATM network formed by HSBC and Hang Seng Bank. Digital Initiatives In December 2015, SCB started using behavioral analytics solution to enhance its digital banking strategy to facilitate an O2O (online-to-offline) operating model. This technology was expected to allow SCB to gain a better understanding of its consumer banking and SME customers, and to create more personalized e-Banking services and marketing campaigns. See also Chen Guangfu, founder Shanghai Commercial and Savings Bank (Taiwan) Bank of Shanghai (Mainland China) References External links Official site, Hong Kong Banks of Hong Kong Banks established in 1950