Kwong On Bank
Encyclopedia
Kwong On Bank Limited (former stock code: ) was a Hong Kong
-based bank
. It was established in 1935 and owned by Dr. Leung Ding Bong family, the President of the former Urban Council of Hong Kong, and Japan
-based Fuji Bank
. It is acquired and privatized by DBS Bank
and renamed as DBS Kwong On Bank Limited in 1999. DBS Bank
merged DBS Kwong On Bank, Dao Heng Bank
and Overseas Trust Bank
to form DBS Bank (Hong Kong) Limited in 2003.
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
-based bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
. It was established in 1935 and owned by Dr. Leung Ding Bong family, the President of the former Urban Council of Hong Kong, and Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
-based Fuji Bank
Fuji Bank
The was one of Japan's major banks during the post-World War II era. It combined with Dai-Ichi Kangyo Bank and the Industrial Bank of Japan in 2000 to form Mizuho Financial Group, and changed its name to Mizuho Corporate Bank in 2002 after transferring its retail banking operations to Mizuho...
. It is acquired and privatized by DBS Bank
DBS Bank
DBS Bank Ltd is a bank incorporated in Singapore. It was previously known as The Development Bank of Singapore Limited, before the present name was adopted in July 2003 to reflect its changing role as a regional bank....
and renamed as DBS Kwong On Bank Limited in 1999. DBS Bank
DBS Bank
DBS Bank Ltd is a bank incorporated in Singapore. It was previously known as The Development Bank of Singapore Limited, before the present name was adopted in July 2003 to reflect its changing role as a regional bank....
merged DBS Kwong On Bank, Dao Heng Bank
Dao Heng Bank
Dao Heng Bank Group Limited was a bank in Hong Kong and it had two subsidiaries before acquisition, Dao Heng Bank Limited and Overseas Trust Bank Limited....
and Overseas Trust Bank
Overseas Trust Bank
Overseas Trust Bank Limited was a bank in Hong Kong. It was established in 1955 by Chang Ming Thien, a Malaysian businessman and it was listed on the Hong Kong Stock Exchange in 1972...
to form DBS Bank (Hong Kong) Limited in 2003.