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Bank in Hong Kong From Wikipedia, the free encyclopedia
Nanyang Commercial Bank (NCB, Chinese: 南洋商業銀行) is a bank based in Hong Kong and a wholly owned subsidiary of China Cinda Asset Management (Cinda), with 33 branches, 3 Commercial Business Centres and 4 Cross-border Wealth Management Centres. It was established in Hong Kong on 14 December 1949.[1] NCB primarily focuses on corporate customers, in particular trading companies.[2]
| 南洋商業銀行 | |
Nanyang Commercial Bank Building | |
| Formation | 14 December 1949 |
|---|---|
| Location | |
| Website | ncb.com.hk |
| Nanyang Commercial Bank | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 南洋商業銀行 | ||||||||
| |||||||||
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]
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]
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