Nanyang Commercial Bank
| Nam Dương thương nghiệp ngân hàng | |
 Nanyang Commercial Bank Building | |
| Formation | December 14, 1949 |
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| Location | |
| Website | ncb.hk |
| Nanyang Commercial Bank | |||||||||
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| Traditional Chinese | Nam Dương thương nghiệp ngân hàng | ||||||||
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Nanyang Commercial Bank(NCB,Chinese:Nam Dương thương nghiệp ngân hàng ) is abankbased inHong Kongand a wholly owned subsidiary ofChina Cinda Asset Management(Cinda), with 42 branches. It was established in Hong Kong on 14 December 1949.[1]NCB primarily focuses on corporate customers, in particular trading companies.[2]
In 2015, Cinda acquired Nanyang Commercial Bank from Bank of China (Hong Kong) for HK$68 billion. Cinda had purchased NCB to diversify its business in areas of cross-border finance.[3]
Strategic Development[edit]
It was reported in December 2018 that Nanyang Commercial Bank was one of the shareholders of a financial technology firm, Nova Credit, which had entered bid to a new Know Your Client utility platform to be implemented for banks in Hong Kong and greater bay China region.[4]
References[edit]
- ^"Profile at NCB official website".
- ^"NCB Profile".Nanyang Commercial Bank.Retrieved14 January2019.
- ^"BOCHK realises HK$30 billion profit from Nanyang sale".South China Morning Post.
- ^"Credit reporting agency TransUnion 'a finalist' in bid for Hong Kong's next big fintech project despite data security row".SCMP. 4 December 2018.Retrieved14 January2019.
External links[edit]
| Licensed Banks Incorporated in Hong Kong |
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