Wing Lung Bank

永隆銀行
Wing Lung Bank
Founded 25th February 1933
Founder WU Yee-Sun
Headquarters 45 Des Voeux Road, Central Hong Kong
Key people
 TIAN Huiyu （Chairman）
ZHU Qi （Executive Director & Chief Executive Officer）
Parent China Merchants Bank Co., Ltd.
Website http://www.winglungbank.com

Wing Lung Bank (Chinese: 永隆銀行; Cantonese Yale: Wínglúng Ngànhòng) (former stock no: SEHK: 96) is a bank based in Hong Kong. As of December 2013, the Bank has 50 business outlets in Hong Kong, Mainland China, Macau and overseas.[1]

The bank was founded in 1933 by Dr. Wu Yee-Sun (Chinese: 伍宜孫), who owned a majority stake in the bank. It was listed in Hong Kong from 1980 to 2009 until it was acquired by China Merchants Bank. It currently employs over 1,700 people and has assets over HK$ 200 billion.

In 2008, China Merchants Bank purchased 53.12 percent of Wing Lung Bank's equity and became the largest shareholder of the bank. Dr. Ma Weihua (China Merchants Bank's President) and Dr. Zhang Guanghua (China Merchants Bank's Vice President) were appointed as the Chairman and Vice Chairman of Wing Lung Bank respectively.[2]

In 2009, China Merchants Bank acquired the remaining shares of Wing Lung Bank, and it became a wholly owned subsidiary of China Merchants Bank. It was delisted from the Hong Kong Stock Exchange after 16 January 2009.[3] In May 2009, Wing Lung Bank adopted the corporate identity of China Merchants Bank.

Wing Lung Bank has 48 banking offices in Hong Kong, Macau and Mainland China, and two overseas branches in Los Angeles and the Cayman Islands.

The Los Angeles branch, located in Alhambra, California, features the largest glass Tile mural in North America, measuring 34.5 feet (10.5 m) tall by 129.5 feet (39.5 m) wide. The mural comprises approximately 1 million pieces of glass tile set in an abstract interpretation designed to reflect the nearby San Gabriel Mountains. The mural received the 2007 Spectrum Award, the top industry award for excellence in tile design and implementation.[4]

References

  1. ↑ Wing Lung Bank offers superior service with new IBM retail banking system
  2. ↑ China Merchants Bank completes acquisition of Wing Lung Bank
  3. ↑ Wing Lung Bank delisted from HKEx
  4. ↑ "Largest Glass Tile Mural in America Wins Spectrum's First Prize at the Chicago Coverings Tile and Stone Exposition". Send2Press Newswire. Becoming Tile, LLC. Retrieved 6 October 2016.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.