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Nanyang Commercial Bank

Bank in Hong Kong

Summary

Bank in Hong Kong

Field	Value
name	Nanyang Commercial Bank
native_name	南洋商業銀行
image	Nanyang Commercial Bank Building.jpg
caption	Nanyang Commercial Bank Building
formation
location
website

Nanyang Commercial Bank (NCB, ) 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. NCB primarily focuses on corporate customers, in particular trading companies.

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.

Strategic Development

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.

References

"Profile at NCB official website".
"NCB Profile". Nanyang Commercial Bank.
"BOCHK realises HK$30 billion profit from Nanyang sale". South China Morning Post.
(2018-12-04). "Credit reporting agency TransUnion 'a finalist' in bid for Hong Kong's next big fintech project despite data security row". SCMP.

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

banks-of-hong-kong bank-of-china banks-established-in-1949 1949-establishments-in-hong-kong

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