Nanyang Commercial Bank

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Nanyang Commercial Bank branch in Kennedy Town, Hong Kong

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 43 branches. NCB primarily focuses on corporate customers, in particular trading companies.[1]

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.[2]

Strategic Development[edit]

It was reported in December 2018 that Nanyang Commercial Bank was one of the shareholders of a new fintech firm Nova Credit, which had entered bid to a new Know Your Client utility platform to be implemented for banks in Hong Kong and greater bay China region. [3]


References[edit]

  1. ^ "NCB Profile". Nanyang Commercial Bank. Retrieved 2019-01-14.
  2. ^ "BOCHK realises HK$30 billion profit from Nanyang sale". South China Morning Post.
  3. ^ "Credit reporting agency TransUnion 'a finalist' in bid for Hong Kong's next big fintech project despite data security row". SCMP. 2018-12-04. Retrieved 2019-01-14.

External links[edit]