Fubon Bank (Hong Kong) Limited, Referred To As 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 Vision Of "becoming A First-class Financial Institution Group In Asia" And A Complete And Diverse Financial Service Platform. Fubon Bank Provides Customers With A Comprehensive Range Of Quality Banking Services In Hong Kong Through 15 Branches, 3 SME Banking Service Centers, 1 Overseas Wealth Management Center And 1 Securities Investment Service Center, Including Retail And Commercial Banking, Wealth Management, Financial Marekt, Securities And Investment Services. Fubon Bank Was Awarded A-2 Short-term And BBB + Long-term Credit Ratings By Standard & Poor. The Ratings Reflect Fubon Bank's Strong Capital, Abundant Liquidity And Excellent Asset Quality.
Fubon Bank (Hong Kong) Was Formerly Known As International Bank Of Asia, Which Was Renamed By Sun Hung Kai Bank, And Was 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.
Sun Hung Kai Bank And International Bank Of Asia Period Main Articles: International Bank Of Asia
- 1970: Feng Jingxi Established Sun Hung Kai Finance;
- 1982: Sun Hung Kai Finance Changed Its Name To Sun Hung Kai Bank After Obtaining A Banking License;
- 1985: Arab Banking Corporation Acquired A 75% Stake In The Bank, While The Fung Family Maintained A 25% Stake In The Bank;
- 1986: Sun Hung Kai Bank Was Renamed International Bank Of Asia;
- 1990 : Arab Banking Corporation Acquires The Remaining 25% Stake, And International Bank Of Asia Becomes A Wholly-owned Subsidiary Of Arab Banking Corporation;
- October 1993: China Everbright Group Acquires 20% Stake In International Bank Of Asia; November Of The Same Year, International Bank Of Asia Is Listed On The Hong Kong Stock Exchange.
- February 2004: Fubon Financial Holding Co., Ltd. Acquisition Of 75% Stake In International Bank Of Asia And 25% Stake Held By The Public From The Two Largest Shareholders Of International Bank Of Asia, Arab Banking Corporation And China Everbright Group.
Fubon Bank (Hong Kong) Period
- April 6, 2005: International Bank Of Asia Officially Changed Its Name To Fubon Bank.
- 2011: Capital Increase To US $6 Billion To Meet The CEPA (Closer Economic Partnership Arrangement) Threshold Signed Between The Mainland And Hong Kong.
