Luso International Banking Limited (LIB) is a solid pillar of Macau's financial market, leading the way in local and cross-border financial services with its 50-year history and philosophy of "rooted in Macau, integrated into the country, and bridged". Founded in 1974 and headquartered at 47 Avenida Mario Suarez, Macau, the bank has been a wholly-owned subsidiary of Xiamen International Bank since 1985 before completing capital injections in 2015 to transform into a true local bank. Serving more than 300,000 customers, Lo's International Bank has become an important bridge between Macau and the global financial markets with its outstanding performance in retail banking, corporate finance and cross-border trade finance.
basic bank information
Lu's International Bank is a commercial bank, non-state-owned or joint venture, established in 1974 and headquartered at 47 Avenida Mario Suarez, Macau. In 1985, the bank became a wholly-owned subsidiary of Xiamen International Bank (the first joint venture bank in China), and in 2015, it completed capital injection to strengthen local operations. Lu's International Bank is strictly regulated by the Monetary Authority of Macao (AMCM) and is required to comply with international financial standards to ensure operational transparency and the safety of customer funds. Its deposits are protected by the Macau Deposit Protection Scheme, and the specific amount of protection needs to be consulted with the bank. The bank's SWIFT code is LUSOMOMX and the Legal Entity Identifier (LEI) is 30030056P5BEUFIKLS38, reflecting its normative nature in the global financial system. Lu's International Bank has established correspondent banking relationships with nearly 200 banks and enjoys a good reputation at home and abroad.
deposit and loan products
Deposits
Lu's International Bank offers a wide range of deposit products to meet the savings needs of individual and corporate customers:
Demand Deposits: Including checking accounts and savings accounts, the minimum opening amount is HK$500 or currency equivalent, the base annualized rate of return (APY) is 0.025%, please consult the bank directly to confirm the latest interest rate.
Time deposit: Support 12 currencies such as HKD, USD, RMB, etc., with deposit tenors ranging from 7 days to 24 months, and the minimum deposit amount is HKD 10,000. During the 2025 promotion period, preferential interest rates will be available for incremental balances in designated currencies, which can be enquired via Internet Banking.
featured product:
HSAsFor example, Premium Savings, which provides higher returns for high-end customers, needs to maintain a balance of more than HK$100,000.
Large Certificate of Deposit (CD): Flexible tenor, suitable for customers with large amounts of funds, the interest rate needs to be queried through the branch or app.
customers can check the "cloud interest rate" offer through Luso Mobile app or online banking, and the deposit products support instant opening and interest rate calculation, and some products are integrated with Xiamen International Bank's services to enhance convenience.
loan class<
p style="text-align: start; margin-top: 1empx; margin-bottom: 0pxpx">Lu's International Bank offers a comprehensive range of loan products, including home loans, car loans and personal lines of credit to meet diverse financing needs:- home
loans: Fixed-rate and variable-rate mortgage loans with a loan amount of up to 70% of the value of the property and a repayment period of up to 30 years. In 2025, the floating rate is based on HIBOR (1-month HIBOR +1.5%) or Prime Rate (5.0%-2.5%), with cash rebates and insurance discounts, subject to bank consultation.
Car Loan: Support new and used car financing, with a loan amount of up to HK$3 million, a term of up to 60 months, an annualized interest rate (APR) as low as 1.88%, and a good credit history required.
Personal Line of Credit: includes personal instalment loan (APR as low as 1.88%, amount up to HK$3 million) and asset-backed overdraft (up to 95% of the collateral market value), the application threshold is a monthly salary of more than HK$20,000 or proof of assets.
flexible repayment optionsMortgage and personal loans support prepayment without penalty, weekly or bi-weekly repayment plans, and re-borrowing of overdraft limits, giving customers the flexibility to manage their debts. All loans are subject to bank approval, the "Rule of 78" is used to calculate the interest and principal ratio, and the customer is required to provide credit history and financial documents, the specific terms of which are subject to the loan agreement. Banks' trade finance services, such as letters of credit and trade loans, provide additional support to cross-border businesses.
digital service experience<
p style="text-align: start; margin-top: 1empx; margin-bottom: 0pxpx" > Luso Mobile, the mobile banking app of Luso International Bank, is the core of its digital services, which is available for download on iOS 14.0 and above and Android 9.0 and above, with an App Store rating of 4.4 and a Google Play rating of 4.2, with users praising its intuitive design and quick response. Core features include:Face recognition: supports biometric authentication (such as Face ID and Touch ID), combined with strong encryption technology to ensure transaction security.
Instant transfers: Support instant transfers in Hong Kong dollars and RMB through the Fast Payment System (FPS), with a daily limit of up to 500,000 Hong Kong dollars, international remittances covering more than 100 countries, and cooperate with platforms such as Wise to provide low-rate transfers.
Bill management: Support online bill payment, automatic deduction and electronic statement, and classify transaction records in real time.
Investment Tool Integration: Support stocks, funds, bonds, and unit trust transactions, providing real-time market data and investment advisory services.
online banking platform supports multiple browsers and provides similar functions, and customers can complete the account opening within 5 minutes through the app or official website. Some users reported that international remittance fees were high, but Lu's International Bank continued to optimize the app experience, supported accessibility features, and was compatible with the needs of visually impaired and hearing-impaired customers.
technical innovation
Lu's International Bank actively explores in the field of financial technology, combined with Xiamen International Bank's technical resources, to promote digital transformation:
AI customer service: Introducing an AI-driven risk management system to analyze customer transaction behaviors and detect fraud risks in real time, it won the "Macau Fintech Innovation Award" in 2023. A virtual assistant is planned to be launched in 2025 to support 24/7 inquiries and financial advice.
Robo-advisor: Provide AI-based investment management services through Luso Invest, recommend diversified funds and stock portfolios according to customers' risk appetite, with a minimum investment of HK$1,000 and no subscription fees.
Open Banking API: Follows the Open Banking Framework of the Monetary Authority of Macao, integrates with third-party service providers to provide account management and financial service interoperability, especially in the areas of trade finance and cross-border payments.
Other innovations: support for the eTradeConnect platform to simplify trade finance applications; Introduced mobile check deposit function to improve the efficiency of corporate customers. In 2024, banks will invest US$50 million to upgrade their digital platforms and strengthen cross-border payment and investment services.
featured services and differentiation<
p style="text-align: start; margin-top: 1empx; margin-bottom: 0pxpx">Lu's International Bank is well-known for its cross-border financial capabilities and localized services:cross-border financial services: supporting international remittances and trade finance (such as letters of credit and trade loans) in more than 100 countries, providing efficient solutions for importers and exporters and cross-border enterprises in Macau, For example, a local wine importer can secure payments from French suppliers through letters of credit.
SME support: Provide customized corporate loans and cash management services, participate in the SME Financing Guarantee Program of the Monetary Authority of Macao, and approve loans in as fast as 10 seconds, with an amount of up to HK$3 million.
Green Finance: Launching green bonds and loans at preferential rates, supporting environmentally friendly projects, such as the African Microfinance Program, and providing microloans to local entrepreneurs to promote economic self-reliance.
Wealth Management: Provide individual pension funds, unit trusts and insurance products, integrate with the global investment market, and provide high-net-worth customers with diversified choices.
Automated payment service: Integrate automatic payment functions to simplify bill management and improve financial efficiency for corporate and individual customers.
market position and honors
Lo's International Bank is one of the major commercial banks in Macau, with 13 branches and more than 400 employees, total assets of MOP100 billion in 2023, and top 4 of the 29 banks in Macau in terms of deposits, loan balances and after-tax profits. Its parent company, Xiamen International Bank, ranks second in the banking industry in Fujian Province and one of the top 10 city commercial banks in China, with total assets of nearly 460 billion yuan, providing a strong backing for Lu's International Bank. In 2023, Lo's International Bank won the "Best Commercial Bank in Macau Award" and in 2022, it was awarded the "Macau Fintech Innovation Award" in recognition of its outstanding performance in customer service and digital transformation. The Bank's asset quality in Macau remains at the best level, its risk management framework is internationally recognised, and its parent company was awarded an AAA rating by China United Credit Ratings in 2016. Lu's Bank's solid financial performance and regional presence make it a key pillar of Macau's financial market.
summary
Lu's International Bank Limited is a cross-border bridge to Macau's financial market, with its 50-year history and the support of Xiamen International Bank, it has demonstrated excellence in the fields of retail banking, corporate finance and cross-border trade finance. It offers a wide range of deposit and loan products, including high-yield savings accounts, term deposits, and flexible mortgages and personal loans, to meet the diverse needs of its customers. In terms of digital services, the Luso Mobile app is well received for its efficient real-time transfer and investment management features. Technological innovations, including AI-driven risk management systems and open banking API support, demonstrate its commitment to digital transformation. With its cross-border financial services, commitment to green finance and industry accolades in 2023, Lu's International Bank continues to demonstrate strong competitiveness and influence in the financial markets of Macau and the Guangdong-Hong Kong-Macao Greater Bay Area.
