Fubon Bank (Hong Kong)

basic bank information

Fubon Bank (Hong Kong) Limited, or Fubon Bank, is a wholly-owned subsidiary of Fubon Financial Holding Co., Ltd. ("Fubon Financial Holdings"). Fubon Financial Holdings is one of the largest financial holding companies in Taiwan, with the development vision of "becoming a first-class financial institution in Asia", and has a complete and diversified financial service platform. In Hong Kong, Fubon Bank provides customers with a full range of quality banking services, including retail and commercial banking, wealth management, financial markets, securities and investment services, through 15 branches, 3 SME Banking Service Centres, 1 Offshore Wealth Management Centre and 1 Securities Investment Service Centre. Fubon Bank has been assigned an A-2 short-term and BBB+ long-term credit rating by Standard & Poor's. The rating reflects the Bank's strong capital, abundant liquidity and good asset quality.

Fubon Bank (Hong Kong) was formerly known as the International Bank of Asia renamed by Sun Hung Kai Bank, and was previously listed on the Hong Kong Stock Exchange (stock code: 636). On April 6, 2005, Fubon Financial Holdings acquired International Bank of Asia and officially changed its name to Fubon Bank.

Fubon Bank (Hong Kong) Co., Ltd. is a licensed commercial bank in Hong Kong, formerly known as Honggeo International Bank, which was acquired by Taiwan Fubon Financial Holdings in 2004. As a wholly-owned subsidiary of Fubon Financial Holdings (TWSE: 2881), the bank is incorporated in Hong Kong and headquartered at Lincoln House, Taikoo Place, 979 King's Road, Quarry Bay, Hong Kong. Fubon Financial Holding is the second largest listed financial group in Taiwan.

Service Coverage

• Hong Kong: 23 branches covering major business

• districtsCross-border network: Taiwan, Chinese mainland and Southeast Asia through parent

• companyATM services: Hong Kong JETCO ( JETCO) Network Sharing

• Key Services: Corporate Banking, Retail Banking and Wealth Management

Regulatory & Compliance

• is fully regulated by the Hong Kong Monetary Authority (HKMA

).

• Participation in the Hong Kong Deposit Protection Scheme (up to HK$500,000

• ) 2023 HKMA Compliance Rating "Good"

• Strict implementation of anti-money laundering and counter-terrorism financing requirements

for financial health

in 2023:

• Total asset size: HK$238.7 billionCapital

• adequacy ratio: 21.5%

• Non-performing loan ratio: 0.65%

• Liquidity coverage ratio: 182

• %. Net Interest Margin: 2.4%

Deposit & Loan ProductsDeposit

Services:

• "Fubon Deposit": Demand Deposit Tiered Interest Rate up to 3.2%

• "Premium Time Deposit" : 12-month HKD Time Deposit Interest Rate 5.0%

• "Large Certificates of Deposit": from HK$1 million, 5.2%

Loan products:

• "Mortgage Offer": HIBOR+1.25

%.

• "Tax Season Loan": Annualised Percentage Rate from 4.8

• % "SME Financing": Flexible repayment period up to 7 yearsList

common expenses

• Integrated Account: HK$120 per month (waived upon qualification)

• Local Transfer: Free

• cross-border remittance through electronic channels: 0.1% handling fee (minimum HK$100)

• Cheque Book: HK$100 per bookMinimum

• balance requirement: HK$200,000 (otherwise HK$200/month).

Digital Service Experience

• Mobile Banking Rating: 4.7 (2024 User Survey)

• Core features:

  • "Voiceprint Recognition Login",

  • "Robo-Advisor",

  • "Cross-border Instant Remittance",

  • "Portfolio Analysis", customer

service quality

• 24/7 multilingual telephone banking

• for corporate customersDedicated Relationship ManagerAverage

• time for complaint handling: 1.5 working days

• for VIP banking centers available in branches

Security measures

• triple authentication system (password + OTP + biometrics),

• real-time anti-fraud monitoring

,

• ISO 27001 and PCI DSS certification

• Zero major data breaches in 2023

Featured Services & Differentiation

• "Fubon Private Wealth": HK$5 million asset threshold

• , "Cross-boundary Wealth Management Connect" service

• , "ESG Corporate Finance" preferential scheme

• "Newcomer only" banking services

Market Position & Accolades

• ranked 16th in Hong Kong by assets (The Banker 2024),

• won The Asset "Best Digital Banking Experience" and

• Asiamoney "Best Private Bank". "

• Won the HKMA "Risk Management Excellence Award" for five consecutive years<

Sun Hung Kai Bank and International Bank of Asia

• 1970: Fung King Hei founded Sun Hung Kai Finance;

• 1982: Sun Hung Kai Finance was renamed Sun Hung Kai Bank after obtaining a banking license;

• 1985: Arab Banking Corporation acquires 75% of the bank, while the Fung family retains 25% of the bank;

• 1986: Sun Hung Kai Bank was renamed International Bank of Asia;

• 1990: Arab Banking Corporation acquires the remaining 25% and International Bank of Asia becomes a wholly owned subsidiary of Arab Banking Corporation;

• October 1993: China Everbright Group acquired a 20% stake in International Bank of Asia; In November of the same year, International Bank of Asia was listed on the Hong Kong Stock Exchange.

• February 2004: Fubon Financial Holding Co., Ltd. acquired a 75% stake in International Bank of Asia and a 25% publicly held stake from Arab Banking Corporation and China Everbright Group, two major shareholders of International Bank of Asia.

Fubon Bank (Hong Kong) period

6 April 2005: International Bank of Asia officially changed its name to Fubon Bank.

• 2011: Increased capital to US$6 billion to meet the CEPA (Closer Economic Partnership Arrangement) threshold between the mainland and Hong Kong.