DBS Bank (Hong Kong) Limited is one of the largest licensed banks in Hong Kong (one of the ten largest financial institutions in the city in terms of assets), wholly owned by the Singapore DBS Bank (The Development Bank of Singapore). The headquarters is located in a skyscraper The Center ( Central District ) [1] [2] [3] .
| DBS Bank (Hong Kong) | |
|---|---|
| 銀行 展 銀行 （香港） 有限公司 | |
 | |
 Bank branch in Sathin | |
| Year of foundation | 2003 |
| Former names | Dao Heng Bank, Kwong On Bank, Overseas Trust Bank |
| Location | Hong Kong , China |
| Key figures | Juan Eugenio Sebastián Paredes Muiragui (Chief Executive Officer) |
| Assets | $ 44.6 billion (2016) |
| Number of employees | 4,000 |
| Primary society | DBS Bank ( Singapore ) |
| Site | |
As of 2016, the assets of DBS Bank (Hong Kong) amounted to 44.6 billion US dollars, the total income - 138 million US dollars [1] . In Hong Kong, DBS Bank (Hong Kong) has 34 branches, 4 thousand employees and specializes in consumer lending , SME lending , and corporate banking [4] [5] [6] .
Content
History
In 1992, the Singapore DBS Bank acquired 10% of shares in the Hong Kong Wing Lung Bank , but further expansion did not continue. [7]
Fully DBS Bank began its operations in Hong Kong in 1999 when it acquired the local Kwong On Bank, founded in 1935, from the influential Leung family and the Japanese Fuji Bank . In 2001, DBS Bank acquired from the Malaysian Guoco Group its Hong Kong assets - the large Dao Heng Bank and its subsidiary Overseas Trust Bank [1] [8] [9] .
Dao Heng Bank was founded in Hong Kong in 1921. In 1982, the Dao Heng Bank was bought by the Guoco Group, in 1989, he bought a small Hang Lung Bank from the government, and in 1993, the Overseas Trust Bank (founded in 1955).
In 2003, the previously acquired DBS Kwong On Bank, Dao Heng Bank and Overseas Trust Bank were merged into a single DBS Bank (Hong Kong) [10] .
Subsidiaries
- DBS Asia Capital Limited
- DBS Asset Management (Hong Kong) Limited
- DBS Vickers Securities (Hong Kong) Limited
Notes
- ↑ 1 2 3 Top Banks in Hong Kong (English) . Corporate Finance Institute.
- ↑ Hong Kong's 20 largest licensed banks 2013 (English) . Hongkong Business.
- ↑ Top 10 Hong Kong banks by total assets . Asian Banking and Finance.
- ↑ DBS Hong Kong (English) .
- ↑ DBS Bank (Hong Kong) Limited (English) . Bloomberg.
- ↑ DBS Bank says 'meh' to virtual bank license, will pursue digital initiatives and branches (English) . South China Morning Post.
- ↑ Tan Chwee Huat. Financial Sourcebook For Southeast Asia and Hong Kong. - World Scientific, 2000. - P. 363. - ISBN 9789814493543 .
- ↑ DBS seals Dao Heng deal (English) . South China Morning Post.
- ↑ Nick J. Freeman. Financing Southeast Asia's Economic Development. - Institute of Southeast Asian Studies, 2003. - P. 75. - ISBN 9789812301819 .
- ↑ H. Genberg, C. Hui. The Banking Sector In Hong Kong: Competition, Efficiency, Performance and Risk. - Springer, 2008. - P. 21. - ISBN 9780230227378 .