The Compulsory Acquisition of the Bank’s share by China Merchants Bank Co., Ltd was completed on 15 January 2009. The Bank became a direct wholly-owned subsidiary of the China Merchants Bank Group.
In order to expand its branch network, the Bank established its Des Vouex Road West Branch, China Hong Kong City flagship Branch and Mei Foo Sun Chuen Branch in April, August and September 2009 respectively.
At present the Bank has altogether 39 banking offices and a total staff of about 1,600. The Bank provides comprehensive banking services, including deposits, loans, bills, foreign exchange, syndicated loans, corporate financing, securities, credit cards, NET Banking, MPF, wealth management, etc. The Bank also provides hire-purchase and leasing, trustee, nominee, insurance agency and broking, insurance underwriting, futures broking and securities broking services through its wholly-owned subsidiaries.
Financial Services and Banking
Companies in the financial affairs and banking industry provide financial services such as deposits, lending money, investing funds, issuing credit cards and processing payments. They advise clients on financial matters including retirement planning and risk management strategies.
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