Seng Heng Bank
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The Industrial and Commercial Bank of China (Macau) Limited () formerly known as the Seng Heng Bank Limited () established in 2009, is the third largest locally incorporated bank in
Macau Macau or Macao is a special administrative regions of China, special administrative region of the People's Republic of China (PRC). With a population of about people and a land area of , it is the most List of countries and dependencies by p ...
,
China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...
. In August 2007,
Industrial and Commercial Bank of China The Industrial and Commercial Bank of China (ICBC; zh, 中国工商银行) is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is the largest of the " big four" banks ...
(ICBC) acquired a 79.9 percent share in the bank, which became a subsidiary of ICBC. In July 2009, the merger was finalized and renamed ICBC (Macau) as such all branches of Seng Heng Bank are now re-branded as ICBC (Macau).


History

The bank was acquired by Sociedade de Turismo e Diversoes de Macau S.A. in 1989, and is a wholly owned subsidiary. It was said to be the first bank in
Greater China In ethnogeography, "Greater China" is a loosely-defined term that refers to the region sharing cultural and economic ties with the Chinese people, often used by international enterprises or organisations in unofficial usage. The notion contains ...
to offer a pre-paid
debit card A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either ...
.


References


External links


Industrial and Commercial Bank of China (Macau) Limited


Industrial and Commercial Bank of China Banks of Macau Banks established in 1972 {{Macau-stub