Nanyang Commercial Bank

Nanyang Commercial Bank branch in Kennedy Town, Hong Kong

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 41 branches. 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.[1]

References

  1. ↑ "BOCHK realises HK$30 billion profit from Nanyang sale". South China Morning Post.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.