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Hong Nin Savings Bank

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Hong Nin Savings Bank
康年儲蓄銀行
Formation1921
Dissolved1986
Location
Hong Nin Savings Bank
Traditional Chinese康年儲蓄銀行
Transcriptions
Yue: Cantonese
Yale RomanizationHōng nìhn chyúh chūk ngàhn hòhng
JyutpingHong1 nin4 cyu5 cuk1 ngan4 hong4

Hong Nin Savings Bank (Traditional Chinese: 康年儲蓄銀行) was a bank in Hong Kong, founded in 1921.

In 1986, the bank had four branches and deposits of about HK$300m (US$38m). The bank was taken over by the colonial Government of Hong Kong, in 1986, due to defaults on several loans related to shipping and dwindling deposits.[1]

In 1987, Hong Nin was acquired by First Pacific and renamed it to First Pacific Bank.[2][3][4]

References

[edit]
  1. ^ The Glasgow Herald. The Glasgow Herald.
  2. ^ Manila Standard. Manila Standard.
  3. ^ Manila Standard. Manila Standard.
  4. ^ Brown, Rajeswary Ampalavanar (24 January 2007). The Rise of the Corporate Economy in Southeast Asia. Routledge. ISBN 978-1-134-15754-9.
  • Feng, Bangyan; (2002). A Century of Hong Kong Financial Development. Joint Publishing Hong Kong. ISBN 962-04-2129-9.