The Industrial and Commercial Bank of China (Macau) Limited () formerly known as the Seng Heng Bank Limited () established in 2009, is the third largest locally incorporated bank in
Macau
Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a p ...
,
China. In August 2007,
Industrial and Commercial Bank of China (ICBC) acquired a 79.9 percent share in the bank, which became a subsidiary of ICBC. In July 2009, the merger was finalized and renamed ICBC (Macau) as such all branches of Seng Heng Bank are now re-branded as ICBC (Macau).
History
The bank was acquired by
Sociedade de Turismo e Diversoes de Macau S.A. in 1989, and is a wholly owned subsidiary. It was said to be the first bank in
Greater China
Greater China is an informal geographical area that shares commercial and cultural ties with the Han Chinese people. The notion of "Greater China" refers to the area that usually encompasses Mainland China, Hong Kong, Macau, and Taiwan in East ...
to offer a
pre-paid debit card.
References
External links
Industrial and Commercial Bank of China (Macau) Limited
Industrial and Commercial Bank of China
Banks of Macau
Banks established in 1972
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