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Dah Sing Banking Group

#4800

Rank

$1.42B

Marketcap

HK Hong Kong

Country

Dah Sing Banking Group
Leadership team

Mr. Shou-Yeh Wong (Exec. Chairman)

Mr. Hon-Hing Wong (Vice Chairman, MD & CEO)

Mr. Pak-Ling Wang (Exec. Director)

Products/ Services
Banking, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Hong Kong, Hong Kong Island, Hong Kong
Established
1947
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
2356.HK
Social Media
Overview
Location
Summary
Dah Sing Banking Group Limited, an investment holding company, provides banking, financial, and other related services in Hong Kong, Macau, and the People's Republic of China. It operates through Personal Banking, Corporate Banking, Treasury and Global Markets, and Overseas Banking segments. The Personal Banking segment accepts deposits from individual customers; and provides residential mortgage lending, personal loans, overdrafts, vehicle financing, and credit card services, as well as insurance sales and investment services. The Corporate Banking segment accepts deposits; offers loans and working capital financing to commercial, industrial, and institutional customers; and provides trade financing services. The Treasury and Global Markets segment provides foreign exchange services; cash management services for deposit taking and lending; and interest rate risk management services, as well as manages investments in securities. The Overseas Banking segment engages in the personal and corporate banking business activities in Macau and the People's Republic of China. The company is also involved in the property investment and securities dealing activities; and provision of nominee services. As of December 31, 2021, it had a branch network of 43 retail branches, 27 VIP banking centers, 16 securities trading centers, and 10 SME centers. The company was incorporated in 2004 and is based in Wan Chai, Hong Kong. Dah Sing Banking Group Limited operates as a subsidiary of Dah Sing Financial Holdings Limited.
History

1947: Establishment of Dah Sing Bank, Limited .

1987: DSB acquired Hong Kong Industrial and Commercial Bank Limited; Public listing of Dah Sing Financial Holdings Limited

1990: Establishment of Dah Sing Life Assurance Co. Limited.

1993: DSFH acquired Wing On Bank Limited.

1994: Dah Sing Bank transferred its 40% ownership at Hong Kong Industrial and Commercial Bank to China Construction Bank.1997: DSFH, Abbey National plc and Hambros Bank Limited went into a contract to jointly run the Wing On Bank Limited as a Hong Kong-based private bank and renamed it as DAHP.1998: Dah Sing Bank sold an additional 30% shareholding interest at Jian Sing Bank to China Construction Bank.2000: DSFH acquired ownerships of DAHP from Abbey and SG Hambros . DAHP became a subsidiary of DSFH while the private banking business, loans and deposits from DAHP were undertaken by Dah Sing Bank.2002: China Construction Bank purchased the remaining equity interest of Jian Sing Bank from Dah Sing Bank.2004: Separate listing of Dah Sing Banking Group Limited.

2005: DSBG completed the acquisition of 100% of Pacific Finance Limited, 100% of BCM Bank and 96% equity interests in BCM’s general and life insurance subsidiaries from Banco Comercial Portugues.2007: DSB completed the acquisition of a 17% total equity interest in the Bank of Chongqing .2010: DSB integrated with MEVAS Bank .2011: Establishment of OK Finance Limited.2017: DSFH sold its entire shareholding interest in life insurance business in Hong Kong and Macau to Tahoe Investment Group Co. Limited.2019: First bank in Hong Kong to offer full virtual loan application – no need for income proof and address proof

2021: Opened Queen's Road East Branch

Mission
To be our customers' most trusted and caring financial partner, providing access to products, services and solutions through our financial strength, innovation and market intelligence.
Vision
To be a trusted and caring financial partner, creating value for our stakeholders and the communities in which we operate.
Key Team

Mr. Nicholas John Mayhew (Deputy CEO & Exec. Director)

Mr. Chow Chi-Leung (Chief Financial Officer)

Mr. Lee Kook (IR Officer)

Mr. Tsu-Hing Wong J.P. (Vice Chairman, CEO & MD of Dah Sing Bank, Ltd.)

Ms. Mei-Chun Wong (Alternate Chief Exec. & Exec. Director of Dah Sing Bank, Ltd.)

Ms. Wai-Nar Wong FCIS, FCS (Company Sec.)

Mr. Ho-Wing Yau (CEO & Exec. Director of Dah Sing Bank (China) Ltd)

Recognition and Awards
Dah Sing Bank has won numerous awards over the years, from its inclusion in The Banker's Global 500 to recognition for excellence in customer service by Global Finance Magazine.
References

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Dah Sing Banking Group
Leadership team

Mr. Shou-Yeh Wong (Exec. Chairman)

Mr. Hon-Hing Wong (Vice Chairman, MD & CEO)

Mr. Pak-Ling Wang (Exec. Director)

Products/ Services
Banking, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Hong Kong, Hong Kong Island, Hong Kong
Established
1947
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
2356.HK
Social Media