Kwong On Bank Limited (KOB) (former stock code: ) () was a Hong Kong–based bank. It was established in 1935 by Mr Leung Kwai-Yee and later run by his son, Dr.
Leung Ding Bong, the President of the former
Urban Council of Hong Kong
The Urban Council (UrbCo) was a municipal council in Hong Kong responsible for municipal services on Hong Kong Island and in Kowloon (including New Kowloon). These services were provided by the council's executive arm, the Urban Services ...
, and Japan-based
Fuji Bank
The Yasuda Bank () from 1880 to 1948, then Fuji Bank () from 1948 to 2000, was one of the largest Japanese banks for much of the 20th century, together with Dai-Ichi Bank, Mitsubishi Bank, Mitsui Bank, and Sumitomo Bank. It was the main bank of ...
, and his family. It was acquired and
privatised
Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation wh ...
by
DBS Bank
DBS Bank Limited is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The Development Bank of Si ...
and renamed as DBS Kwong On Bank Limited in 1999.
DBS Bank
DBS Bank Limited is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The Development Bank of Si ...
merged DBS Kwong On Bank,
Dao Heng Bank
Dao Heng Bank Group Limited (former stock code: ) () was a bank holding company in Hong Kong and it had two major subsidiaries before being Takeover, acquired, Dao Heng Bank Limited and Overseas Trust Bank Limited.
Dao Heng Bank Limited was est ...
and
Overseas Trust Bank
Overseas Trust Bank Limited (OTB) () 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. It was the fourth largest bank in Hong Kong before T ...
to form
DBS Bank (Hong Kong) Limited
DBS Bank (Hong Kong) Limited () is a licensed bank incorporated in Hong Kong and is a subsidiary of DBS Bank headquartered in Singapore. As of 2022, it is the eighth-largest bank in Hong Kong by total assets.
History
In 1999, DBS Bank acquir ...
in 2003.
See also
*
DBS Bank (Hong Kong)
DBS Bank (Hong Kong) Limited () is a licensed bank incorporated in Hong Kong and is a subsidiary of DBS Bank headquartered in Singapore. As of 2022, it is the eighth-largest bank in Hong Kong by total assets.
History
In 1999, DBS Bank acquir ...
*
Dao Heng Bank
Dao Heng Bank Group Limited (former stock code: ) () was a bank holding company in Hong Kong and it had two major subsidiaries before being Takeover, acquired, Dao Heng Bank Limited and Overseas Trust Bank Limited.
Dao Heng Bank Limited was est ...
*
Overseas Trust Bank
Overseas Trust Bank Limited (OTB) () 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. It was the fourth largest bank in Hong Kong before T ...
References
{{reflist
Defunct banks of Hong Kong
DBS Bank
Companies formerly listed on the Hong Kong Stock Exchange
Banks disestablished in 2003
Banks established in 1935