Formerly known as Wing Hang Bank Limited, in 2014 the company was acquired by the OCBC, a financial company with head office in Singapore. The ten largest shareholders as of 7 March 2017[20] are: * Percentage is calculated based on the total number of issued ordinary shares, excluding treasury shares. The company is based in Hong Kong. In the subsequent decades, the bank expanded its operations and became the largest bank in South East Asia. OCBC launched LGI in September 2005 following the merger of the asset management arms of OCBC Bank and Great Eastern Holdings. Check the Wing Hang Bank Ltd. clearing codes and branch codes in Hong Kong. We also focus on Non-Bank Financial Institutions in the region. Her previous stint at OCBC lasted eight years. In 2006 the bank acquired a 12.2% stake in China's Bank of Ningbo. The bank had been founded in 1906 as the Sze Hai Tong Bank and its founders had targeted the Teochew community. On 29 January 2010, OCBC Bank completed its acquisition of ING Asia Private Bank and renamed it Bank of Singapore. [9] The Asian Banker named OCBC Bank Singapore's strongest bank for 2018-2019, and the 5th strongest in Asia-Pacific. In 2008, Bank NISP changed its name to Bank OCBC NISP. In 2007 OCBC established its wholly owned subsidiary with headquarters in Shanghai. OCBC renamed the bank that housed finatiQ, Singapore Island Bank to differentiate these two separate businesses to avoid confusion. Session expired, please login again ... contact the transferor's bank for assistance as soon as possible. [citation needed] By 1970, OCBC's total assets exceeded 1 billion SGD, making OCBC the largest financial institution with the biggest deposit base in Singapore. Finally, on 1 December 2008 OCBC launched OCBC Al-Amin Bank Berhad. 14.[16]. [13], In 1942 during World War II, all the local banks in Singapore closed briefly during the early days of the Japanese Occupation. [26], In November 1960, OCBC established an investment holding company named as Select Securities Limited. The OCBC Bank group comprises a family of companies owned by Singapore's longest established local bank. Regional General Manager for North East Asia. Terms & Conditions It provides a comprehensive range of banking and related financial services through the holding bank and its subsidiaries in Hong Kong and China. OCBC acquired ING Asia Private Bank on 29 January 2010[22] and renamed it Bank of Singapore.[23]. Click here for more details. That same year the revolutionary government in Burma nationalized OCBC's two branches there, which became People's Bank No. 14.[16]. CEO, Bank of Singapore. Mr Tan Wing Ming. In 2004, OCBC acquired Great Eastern Holdings (GEH) following a voluntary cash offer. OCBC Wing Hang Bank proudly announces that the enhanced Mobile App is launched. OCBC China has 17 branches on the mainland and in Hong Kong. CEO, OCBC Bank Malaysia. [13], The bank had branches in Hong Kong and in Bangkok, where it had become the first Chinese bank there when it opened its branch in 1909. One of the critics was Tan Sri Khoo Teck Puat, who subsequently resigned to set up Malayan Banking. In 2008, Bank NISP changed its name to Bank OCBC NISP. Select Securities Limited operates as a subsidiary of Oversea-Chinese Banking Corp. Ltd.[27]. OCBC Bank has assets of more than S$491.6 billion,[5] making it the second largest bank in Southeast Asia by assets and among the larger banks in Asia-Pacific. WIHBHKHH XXX - SWIFT Code (BIC) - OCBC WING HANG BANK LIMITED in HONG KONG - HONG KONG. In 2003 OCBC merged OCBC Finance into OCBC Bank. Bank NISP was ranked the 11th largest Indonesian bank by assets and had a network of 135 branches and offices and, over 3,000 shared ATMs. [14] OCBC's branch in Xiamen survived the war and in the 1950s, OCBC was one of only four foreign banks to have branches in China. OCBC Securities Private Limited is a wholly owned subsidiary of OCBC Bank, and is a member of the Singapore Exchange Securities Trading Limited (SGX-ST) and the Singapore Exchange Derivatives Trading Limited (SGX-DT). The OCBC privacy policy ceases to apply at third party websites. The bank was criticized for not expanding fast enough to meet the needs of the post-war Chinese business community, especially in the smaller towns of Malaya. SWIFT code: OCBCHKHHXXX. OCBC Bank, Hong Kong provides a whole range of banking services, which includes loans and advances, trade finance, deposits, remittances and foreign exchange and money market dealings, as well as custodian and nominee services. By 2008, it had increased its stake in Bank NISP to 74.73%. By April 1942 most banks, including OCBC, had resumed normal operations. OCBC Bank was born out of the Great Depression through the consolidation of three banks in 1932 - the Chinese Commercial Bank Limited (incorporated in 1912), the Ho Hong Bank Limited (incorporated in 1917) and the Oversea-Chinese Bank Limited (incorporated in 1919). OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It houses finatiQ, which operates as an Internet bank. In March 2014, OCBC Bank offered to pay nearly US$5 Billion for Wing Hang Bank, one of Hong Kong's last family-owned banks. [21], Bank of Singapore, (formerly ING Asia Private Bank), is a wholly owned private banking subsidiary of OCBC Bank. The ten largest shareholders as of 7 March 2017[20] are: * Percentage is calculated based on the total number of issued ordinary shares, excluding treasury shares. Singapore Island Bank was formerly known as Bank of Singapore, and OCBC acquired it in 2000. WIHBHKHH swift code is the unique bank identifier for OCBC WING HANG BANK LIMITED's head office branch located in HONG KONG - HONG KONG and it's used to verify financial transactions such as a bank wire transfers (international wire transfers). She started her career at OCBC as a management trainee in 1984 and became OCBC’s first China Desk Manager based in Hong Kong in 1985. < Hong Kong Banks The next major acquisition occurred in 2001, when OCBC Bank acquired Keppel Capital Holdings and all its subsidiaries, including Keppel TatLee Bank, Keppel Securities, and Keppel TatLee Finance. Under the Hong Kong Companies Ordinance, OCBC Bank, with 97.52 percent of Wing Hang's shares, compulsorily acquired Wing Hang on 29 July 2014. In the subsequent decades, the bank expanded its operations and became the largest bank in South East Asia. OCBC wholly owns OCBC Al-Amin Bank, which offers Islamic banking products and services in Malaysia. 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