Kwong On Bank Limited (KOB) (former stock code: ) () was a Hong Kong-based bank. It was established in 1935 by Mr Leung Kwai-Yee and later run by his son, Dr.
Leung Ding Bong, the President of the former
Urban Council of Hong Kong
The Urban Council (UrbCo) was a municipal council in Hong Kong responsible for municipal services on Hong Kong Island and in Kowloon (including New Kowloon). These services were provided by the council's executive arm, the Urban Services ...
, and Japan-based
Fuji Bank
The was one of Japan's major banks during the post–World War II era. It combined with Dai-Ichi Kangyo Bank and the Industrial Bank of Japan in 2000 to form Mizuho Financial Group, and changed its name to Mizuho Corporate Bank in 2002 after t ...
, and his family. It was acquired and
privatised
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...
by
DBS Bank
DBS Bank Limited, often known as DBS, is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The Dev ...
and renamed as DBS Kwong On Bank Limited in 1999.
DBS Bank
DBS Bank Limited, often known as DBS, is a Singaporean multinational banking and financial services corporation headquartered at the Marina Bay Financial Centre in the Marina Bay district of Singapore. The bank was previously known as The Dev ...
merged DBS Kwong On Bank,
Dao Heng Bank
Dao Heng Bank Group Limited (former stock code: ) () was a bank holding company in Hong Kong and it had two major subsidiaries before being acquired, Dao Heng Bank Limited and Overseas Trust Bank Limited.
Dao Heng Bank Limited was established ...
and
Overseas Trust Bank
Overseas Trust Bank Limited (OTB) () was a bank in Hong Kong. It was established in 1955 by Chang Ming Thien, a Malaysian businessman and it was listed on the Hong Kong Stock Exchange in 1972. It was the fourth largest bank in Hong Kong before ...
to form
DBS Bank (Hong Kong) Limited in 2003.
See also
*
DBS Bank (Hong Kong)
DBS Bank (Hong Kong) Limited () is a licensed bank incorporated in Hong Kong. It is a subsidiary of DBS Bank headquartered in Singapore and it is also the seventh-largest bank in Hong Kong by total assets.
History
In 1999, DBS Bank acquired Kwong ...
*
Dao Heng Bank
Dao Heng Bank Group Limited (former stock code: ) () was a bank holding company in Hong Kong and it had two major subsidiaries before being acquired, Dao Heng Bank Limited and Overseas Trust Bank Limited.
Dao Heng Bank Limited was established ...
*
Overseas Trust Bank
Overseas Trust Bank Limited (OTB) () was a bank in Hong Kong. It was established in 1955 by Chang Ming Thien, a Malaysian businessman and it was listed on the Hong Kong Stock Exchange in 1972. It was the fourth largest bank in Hong Kong before ...
References
{{reflist
Defunct banks of Hong Kong
DBS Bank
Companies formerly listed on the Hong Kong Stock Exchange
Banks disestablished in 2003
Banks established in 1935