basic bank information
bank type: Dah Sing Bank is a commercial bank, non-state-owned or joint venture, based in Hong Kong, providing banking, insurance and other financial related services.
Full name: Dah Sing Banking Group Limited (DSBG).
Founded: May 1, 1947.
Headquarters location: Wan Chai, Hong Kong.
Shareholder Background: Founded in 1947 by Wang Shouhua, Dah Sing Bank is controlled by Dah Sing Financial Holdings Limited (DSFH, HKEX stock code: 440), which has been listed since 1987. Dah Sing Bank holds a strategic stake of approximately 13% in Bank of Chongqing. Wang Shouhua's son, Wang Zuxing, is the Group's Managing Director and Chief Executive Officer.
Regulatory & Compliance: As a licensed bank in Hong Kong, Dah Sing Bank is regulated by the Hong Kong Monetary Authority (HKMA) and is subject to strict financial and compliance standards. Its credit ratings are "A2" for Moody's and "BBB+" for Fitch, reflecting its solid financial position.
deposit and loan products
deposits Dah Sing Bank offers a variety of deposit products, including demand deposits, time deposits and concession time deposits. The following is the information of some deposit products in 2025 (the specific interest rate needs to be confirmed by consulting the bank):
demand deposits: including HKD current accounts, high-interest HKD current accounts (designed for MTR property residents) and multi-currency savings accounts (such as Easi-Save Multi-Currency Savings Account). Interest is paid on a monthly basis and is calculated on a 365-day basis for HKD accounts.
Time Deposits: Time deposits in various currencies such as HKD, USD, RMB and so on. In 2025, the preferential interest rate for HKD time deposits is up to 3.3% (minimum deposit amount is HK$200,000, the promotion period ends on 28 February 2025) and the preferential interest rate for US dollar time deposits is up to 4% (the promotion period is until 31 May 2025). The minimum deposit is usually HK$10,000 or equivalent.
Featured Products: Targeted Savings Deposit offers a higher interest rate than a regular savings account through a fixed monthly payment; Multi-currency time deposits are available in up to 15 currencies with flexible tenors ranging from 24 hours to 12 months.
loansDah
Sing Bank offers a wide range of loan products, with a focus on mortgage loans, personal loans, and commercial loans
mortgage loans: including residential mortgage scheme, 90% mortgage scheme, HIBOR mortgage scheme and government housing scheme mortgage. The HIBOR mortgage programme is benchmarked against the Hong Kong Interbank Offered Rate (HIBOR), which is subject to change due to market fluctuations. The 90% mortgage plan allows for only a 10% down payment and is suitable for first-time home buyers. Flexible repayment options, such as the Mortgage Plan, allow customers to adjust their repayment plans to save on interest.
Personal Loans and Car Loans: Personal lines of credit and car loans are available, and the specific interest rate and threshold need to consult the bank.
Loan Approval: All loans are subject to final approval by the Bank and the terms are subject to the loan agreement.
digital service experience
mobile apps and online banking
Dah Sing Bank's mobile banking app supports iPhone/iPad with iOS 15 and above and Android 9 and above devices (Intel processors are not supported). Core features include:
instant transfers: 24-hour free interbank transfers.
Bill Payment: Daily bill payment limit of up to HK$200,000.
Investment Trading: Supports stock and forex trading.
E-Statement: Provide convenient e-statement and recommendation services.
Personalized recommendations: Recommend products based on customer preferences. In terms of user reviews, the feedback on the App Store has been positive, with users saying that the interface is simple and comprehensive. Reviews on Google Play are mixed, with some users reporting slow apps that require clearing caches or restarting devices. Online banking supports multiple browsers (e.g. Microsoft Edge 90+, Google Chrome 70+) and provides similar features.
technological innovationDah
Sing Bank excels in the fintech space:
open banking APIs: In accordance with the Open Banking Framework formulated by the Hong Kong Monetary Authority in July 2018, we have partnered with a number of third-party service providers to provide services such as mortgage loan application and wealth management information sharing.
Intelligent Recommendation Engine: The self-developed "Next Best Action" engine uses big data and machine learning algorithms to analyze customer preferences and provide personalized product recommendations, and won the honorary certificate of "Hong Kong ICT Awards - Fintech (Application Solutions)" in 2023.
Biometric authentication: The mobile app supports authentication methods such as facial recognition for added security.
Digital transformation: Banks participated in the "5th Anniversary of Faster Payment System" campaign of the Hong Kong Monetary Authority to promote the digital transformation of SMEs.
featured services and differentiation
brand concept: with the commitment of "local bank, intimate service", Focus on personalized service and grow together with customers in Hong Kong, the Greater Bay Area and beyond.
YOU Banking: Up to HK$1,300 cash bonus for account opening (subject to conditions, mobile app application only), support for account opening appointments and WhatsApp consultations.
Regional presence: With about 70 branches in Hong Kong, Macau and Chinese mainland, its strategic presence, especially in the Greater Bay Area, gives it an advantage in cross-border financial services.
Community Services: Exclusive benefits for residents of MTR properties, such as high-interest current accounts and fee waivers.
Innovation activities: Hold customer experience creative competitions to motivate employees to innovate and improve service quality.
market position and accolades
market positionDah Sing Bank is a mid-sized bank in Hong Kong with about 70 branches, a market capitalization of US$1.53 billion in 2024 and revenue of US$874 million in the past 12 months. Its parent company, DSFH, is listed on the Hong Kong Stock Exchange, demonstrating its solid financial foundation.
Honors: "Best Practice Award – Mentorship Programme Development" in 2014, "Best Practice Award – Corporate Culture Development and Employee Care" in 2015, and Hong Kong ICT Awards – Fintech (Application Solution) in 2023 for the "Next Best Action" engine. These awards highlight excellence in corporate culture, technological innovation, and customer service.
summary
Dah Sing Bank Limited is a long-established Hong Kong commercial bank, known for its "Local Bank, Caring Service" philosophy and strategic layout in the Greater Bay Area. Its deposit and loan products are diversified, covering demand deposits, time deposits, mortgage loans and personal loans, with specific interest rates subject to bank consultation. In terms of digital services, mobile banking apps are feature-rich, but the user experience needs to be optimized. Technological innovations, including open banking APIs and intelligent recommendation engines, have gained industry recognition. Featured services such as "YOU Banking" and regional presence make it competitive in local and cross-border financial services, and it has won multiple industry awards to strengthen its market position.
