Nanyang Commercial Bank

Nanyang Commercial Bank
南洋商業銀行
Formation14 December 1949; 74 years ago (1949-12-14)
Location
Websitencb.com.hk
Nanyang Commercial Bank
Traditional Chinese南洋商業銀行
Transcriptions
Yue: Cantonese
Yale RomanizationNàahm yèuhng sēung yihp ngàhn hòhng
JyutpingNaam4 joeng4 soeng1 jip6 ngan4 hong4

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 33 branches, 3 Commercial Business Centres and 4 Cross-border Wealth Management Centres. It was established in Hong Kong on 14 December 1949.[1] NCB primarily focuses on corporate customers, in particular trading companies.[2]

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.[3]

  1. ^ "Profile at NCB official website".
  2. ^ "NCB Profile". Nanyang Commercial Bank. Retrieved 14 January 2019.
  3. ^ "BOCHK realises HK$30 billion profit from Nanyang sale". South China Morning Post.