Fubon Bank (Hong Kong) Limited
is a licensed bank incorporated in Hong Kong.
It is a subsidiary of Fubon Financial Holding Co., Ltd. of Taiwan. Before renaming to the present name on April 6 2005, it was known as International Bank of Asia, more commonly known as IBA (Traditional Chinese: 港基銀行, formerly branded as 港基國際銀行).History
Fubon Bank (Hong Kong) Limited was established as Sun Hung Kai Finance Company, the financing arm of Sun Hung Kai Securities. The name Sun Hung Kai Bank was adopted in 1982 when it received the multi-branch banking licence. Shareholders include the family of Fung King Hey (founder of Sun Hung Kai Securities), Banque Paribas and Merrill Lynch. In 1985, the Arab Banking Corporation (ABC) acquired 75% of the bank, and changed its name to IBA in 1986. In 1990, the ABC purchased the remaining 25%, and IBA became a wholly owned subsidiary until October 1993, when China Everbright Holdings acquired 20%. In November the same year, IBA was listed on the Hong Kong Stock Exchange.
In February 2004 Fubon Financial Holding Co., Ltd., a banking, insurance and securities institution, acquired the shares of the ABC and the China Everbright Group, and became a 75% shareholder.
After an approval at the annual general meeting 2005, it was officially renamed to its present name on April 6, 2005.
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| Corporate Profile |
| Board of Directors |
| Senior Management |
| Corporate Governance |
| Press Release |
| Investor Relations |
| Our Five Core Values |
| Careers |
| Service Outlets |
| Contact Us |
| Fubon Bank Internal Staff Website |
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| magi©money manager HKD Interest-bearing Current Account | |||
| magi©money manager Account Debit Card / Application Form | |||
| magi©money manager USD Interest-bearing Current Account | |||
| magi© Children Savings Plan | |||
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| Commercial Service |
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| China Business |
| Corporate Lending |
| Trade Finance |
| Hire Purchase, Leasing and Loans |
| Internet Banking | ||||
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| Internet Banking Service Overview | ||||
| eBill Payment - Merchant List | ||||
| About Two-factor Authentication Services / FAQ / Application Form | ||||
| e-banking Lucky Draw | ||||
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| Starter Kit |
| Important Information |
Wing Lung Bank
Administrator - Saturday, 11 August 2007
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| Hire Purchase Service - A convenient and easy way to finance your acquisition of new plants, equipment and motor vehicles. |
- Affordable initial outlay
You can buy a car or equipment with an initial deposit of 10% to 20%* without tying up your cash flow or working capital.
- Wide range of terms
We offer you flexibility with a choice of fixed terms ranging from 12 to 6 months or more*.
- Fixed repayments
You can plan your cash flows with confidence because repayments are fixed in advance.
- Service driven
Prompt application assessment, full attention to client enquiry, insurance and car licence renewal etc.
- Competitive interest rates
Rates offered will be competitive to meet market demand.
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| Rental agency and property management |
- Rental collection
- Tenancy Agreement renewal
- Properties maintenance and management
- Payment of Government Rates and other related charges
- Indenture arrangement
Please click here.
| Letting agency |
- Advertisement posting
- Joint inspection of properties with prospective tenant.
| Sale and purchase of properties |
- Identify prospective buyers or sellers for you
We are happy to assist you!
Apply for Property Service Now!
Enquiry Hotline: (852) 2826 8404
Fax: 2537 2301
Contact Us
| Service Fee & information | Housing Loan Calculator | ||
| List of Properties for Rent / On Sale | Monthly Installment with Repayment Schedule | ||
| Service Fee | Repayment Period | ||
| Property Valuation | Maximum Borrowing Amount | ||
| Solicitors" Fee | Monthly Installment if Interest Rate Changes | ||
| Repayment Period if Interest Rate Changes | |||
| One-off expenses |
| Safe Deposit Box |
Looking for a safe place to keep your precious diamond rings?
Our safe deposit box is the best place to safe keep your valuables
Contact any of our following offices, where we have modern safe deposit boxes of various sizes to suit your needs.
The service is available at Head Office, Central District Branch, Happy Valley Branch, Tsim Sha Tsui Branch, Mongkok Branch and To Kwa Wan Branch.
For more information, please contact any of the above mentioned branches or call our Deposit Hotline at (852) 2826 8202.
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| Enhanced "Bill Payment" function | ||||||||||||
| Wing Lung Bank strives to provide you with quality NET Banking Service. You can now easily and conveniently settle the bills of Wing Lung Bank or other merchants at anytime and anywhere via online "Bill Payment". | ||||||||||||
| Bill Registration for Wing Lung NET Banking Bill Payment Service | ||||||||||||
| To enhance the security of online transaction, registration is required for bill payment to a number of merchants via Wing Lung NET Banking Service effective 27 November 2004. Please click here to view the list of merchants for which bill payment registration is required. To register, please click on the right button to download the form. For enquiries, please call our Customer Service Hotline (852) 2952 6666. | ||||||||||||
| A Network of more than 200 merchants | ||||||||||||
| Our enhanced "Bill Payment" service is applicable to over 200 merchants in town including public utilities, government or statutory organizations, professional institutions, education institutions, charity organizations, property management, banking and credit card services, securities brokers, credit services, insurance companies, telecommunication services, catering services, travel agencies and many others (please click here for the merchant list). | ||||||||||||
| Easy Operation | ||||||||||||
| You can settle the bills of our Bank or any other merchants on the list through your HKD savings or current account with our bank, or using your Wing Lung Bank Credit Card. * How to make bill payment?
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| Interest-free repayment period for payment with credit card | ||||||||||||
| The interest-free repayment period is as long as 50 days for "Bill Payment" with Wing Lung Bank Credit Card, thus giving you added financial flexibility. | ||||||||||||
| "My Bill List" - a useful supplement | ||||||||||||
| With personalised "My Bill List", you can save payment details including merchant names, account numbers and payment purpose, thus making your future payment easier. Presently, up to 35 merchants can be recorded in the "My Bill List". | ||||||||||||
| "Merchant Search" and "Merchant List" | ||||||||||||
| You can enjoy the convenience of the "Merchant Search" function to search for merchant by bill type or merchant name, or simply choose the merchant name from the "Merchant List" to make payment. | ||||||||||||
| Please contact us at 2952 6666 for enquiries. | ||||||||||||
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To provide the population in Hong Kong with a comprehensive retirement protection, the Government passed the Mandatory Provident Fund Schemes Ordinance (MPFSO) in August 1995, which makes provident fund a required benefit to be provided by all local registered employers. |
| Guaranteed Service Quality |
- We have a strong promotion team of about 300 personnel, including customer service officers, branch managers and departmental representatives including those from the MPF Department.
- All members of the promotion team have passed the MPF intermediaries examination and are qualified in promoting MPF Schemes.
- Bank Consortium Trust Co. Ltd. (BCT) offers flexible and comprehensible MPF and Industry Plans.
- We provide dedicated after-sales service.
| Types of MPF Plans: |
MPF is a defined contribution scheme in which both employers and employees have to make contributions.
There are three types of MPF schemes:
- Master Trust Scheme
- This scheme is open to all employers;
- Administration cost can be shared with other employers as the contributions were placed on investment and managed collectively;
- This is suitable for small-to-medium sized companies and self-employed persons.
- Industry Scheme
- This scheme is designed specifically for the high labour mobility within construction and catering industries;
- Employees need not to change the scheme when changing employment within the same industry;
- Complicated administration work arising from job changes can be saved.
- Employer Sponsored Scheme
- This scheme can be established by a single employer;
- Scheme members consist of employees of that particular employer and its associated companies;
- This scheme is suitable for companies with a large number of employees.
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Company History
| 1933 |
| Wing Lung Ngan Ho, as the indigenous bank was then called, opened for business on 25 February 1933 at 37 Bonham Strand East, Hong Kong with an initial capital of HK$44,500. The business of the Bank then comprised money exchange, remittances, deposits, and the buying and selling of stocks and shares, gold bullion and Chinese Government bonds for customers. The business of the Bank grew with the years. |
| 1937 |
| In order to cope with the Bank"s growing business, the Bank moved to more spacious premises at 112 Queen"s Road, Central, Hong Kong. |
| 1941 |
| The Pacific War broke out and Hong Kong was occupied by the Japanese. The Bank evacuated Hong Kong, and some of the staff moved to Macau where the Bank continued its business; the rest of the staff moved to Liuzhou, Guangxi, China where the "Wing Lung Jewelry & Gold Dealers" was established. In these two places the Bank continued to repay its depositors, whose confidence in the Bank was maintained. |
| 1945 |
| The Bank resumed operations in Hong Kong after the conclusion of the War. |
| 1950 |
| The Bank joined the Hong Kong Bankers" Clearing House. |
| 1952 |
| The Bank began to engage in documentary bill operations. In the same year the redevelopment of the Bank"s old head office building was completed. |
| 1953 |
| The Bank became the general agent of The National Insurance Company of New Zealand Ltd for Hong Kong and Macau. |
| 1956 |
| The Bank was incorporated as a limited company. To cope with expanding business and the increase in staff members, the Bank premises were extended to adjacent premises previously purchased for redevelopment purposes. |
| 1960 |
| The Chinese name of the Bank was changed to . |
| 1965 |
| The Bank"s old head office building was redeveloped the third time to meet the expansion of its business activities. |
| 1973 |
| A joint celebration for the opening of the new head office building situated between Des Voeux Road Central through Connaught Road Central and the 40th Anniversary of the Bank was held. The 25-storey Head Office Building stands 300 ft with a total floor area of over 145,000 sq ft. In the same year, the Bank was reorganized as a public limited company and The Chartered Bank participated as a shareholder. |
| 1975 |
| The Bank"s another property, "Bank Centre" a 25-storey office building in Mongkok, Kowloon was completed. The "Bank Centre" standing 300 ft with a total floor area of more than 245,000 sq ft also houses our Mongkok Branch. In the same year the Bank installed an on-line computer system and its deposit operations have been computerised since then. At first the Bank used the services of a computer company. In 1981 the Bank set up a Computer Centre of its own, and since then operations of all the departments have gradually been computerised. |
| 1980 |
| Early in the year 25% of the Bank"s share capital was offered for sale to the public, and shares in the Bank began to be traded on the stock exchanges in Hong Kong. |
| 1982 |
| The Bank joined forces with four other local Chinese banks to set up Joint Electronic Teller Services Ltd a cooperative network to provide automated teller machine service to customers. |
| 1984 |
| The Bank"s first overseas branch was set up in Los Angeles, California, USA. |
| 1986 |
| The Bank"s wholly-owned subsidiary, Wing Lung Insurance Company Limited was authorised by the Government to engage in insurance business. |
| 1987 |
| Standard Chartered Bank withdrew its interest in the Bank and transferred 10% of the Bank"s capital to the companies controlled by the Wu family as a result of its change in investment policy. The Bank"s wholly-owned subsidiary, Hongnet Limited (now known as Wing Lung Securities Limited) was established to provide securities broking services to customers. |
| 1992 |
| The Development Bank of Singapore Limited acquired 10% of the Bank"s share capital from the companies controlled by the Wu family and participated as a shareholder. |
| 1994 |
| The Bank set up its Guangzhou Representative Office, its first presence in China. |
| 1995 |
| The Bank began to engage in credit card operation. |
| 1996 |
| The Bank set up an operation centre to centralize various back-office services and tasks previously handled by individual departments and branches. A branch office was set up in the Cayman Islands, BWI to provide off-shore banking services for customers. |
| 1998 |
| The Bank started to provide hire-purchase and leasing services through its wholly-owned subsidiary, Wing Lung Finance Limited. Wing Lung NET Banking was launched to deliver banking service to customers via internet. |
| 1999 |
| The Bank set up a Representative Office in Shanghai. The Bank joined in a partnership with other banks to set up the Bank Consortium Trust Company Limited to tap the Mandatory Provident Fund business. The Bank introduced securities trading service through electronic channels, "Wing Lung Automated Securities" and "Wing Lung NET Banking" Services. |
| 2000 |
| To expand the insurance operation, the Bank partnered with other banks to set up BC Reinsurance Limited and Hong Kong Life Insurance Limited. |
| 2001 |
| The Bank purchased from IBM China/Hong Kong Limited the state-of-the-art teller terminal system to enhance its service to customers. The Bank set up Wealth Management Centre to expand its wealth management service. |
| 2002 |
| The paid-up capital of the Bank has been increased several times in the past by the issue of bonus shares to shareholders. At 31 December 2002, the total assets of the Bank stood at HK$61.7 billion. |
| 2003 |
| The Bank commemorated its 70th Anniversary. |
| 2004 |
| The Bank is the first Hong Kong-based bank approved by the China Banking Regulatory Commission to set up a branch in China immediately after the implementation of the Closer Economic Partnership Arrangement (CEPA). The first mainland branch in Shenzhen provides foreign currency deposits, loans, remittances and trade finance services. The Bank started to provide renminbi services. Wu Jieh Yee Company Limited, one of the Bank"s substantial shareholders, bought 10% stake in the Bank from DBS Bank. |
| 2005 |
| The Bank set up a sub-branch in Nanshan, Shenzhen. |
| 2006 |
| At 31 December 2006, the total assets of the Bank stood at HK$85 billion. |
| 2007 |
| At present the Bank has altogether 41 banking offices and a total staff of more than 1,400. The Bank provides comprehensive banking services, including deposits, loans, bills, foreign exchange, syndicated loans, corporate financing, credit cards, NET Banking, MPF, wealth management, etc. The Bank also provides hire-purchase and leasing, trustee, nominee, insurance agency and broking, insurance underwriting, futures broking and securities broking services through its wholly-owned subsidiaries. |
Management
| FOUNDER | |
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| Yee-sun WU | (1904 - 2005) |
| EMERITUS CHAIRMAN | |
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| Jieh-yee WU | DCL (Hon), DBA (Hon), FHKIB |
| BOARD OF DIRECTORS | |
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| Chairman | |
| Michael Po-ko WU | BSME, LLD (Hon), PEng (Ontario), FHKIB |
| Vice-Chairman | |
| Patrick Po-kong WU | HonMBA CSturt, HonDUniv CSturt, Hon DSocSc, FCIB, FHKIB, JP |
| Directors | |
| Albert Po-cheung WU | BComm |
| Philip Po-him WU | BA, MBA, PhD, DBA(Hon), FHKIB, BBS, JP |
| Ivan Po-young WU | BComm, CA (Canada) |
| Che-shum CHUNG | BA |
| Siu-chan NG * | BVSc, DBA (Hon) (retired on 28 April 2007) |
| Norman Nai-pang LEUNG * | GBS, LLD (Hon), BA, JP |
| Lincoln Hung-leung SOO * | BScChE, MBA, JP |
| Anthony Shang-fung WU | BAppSc (Computing), MBA, MACS |
| Shung-kwong TSANG* | BEcon, CPA |
| Bernard Charnwut CHAN* | GBS, BA, JP |
| Kenneth Ngai-keung MA | BMath, MBA (Alternate to Ivan Po-young WU) |
| Alice Shang-sze WU | BComm, LLB (Alternate to Albert Po-cheung WU) |
| * Independent Non-executive Director | |
| Secretary | |
| Maria Wan-sin FUNG | BComm, PGDCA, FCS, FCIS |
| EXECUTIVES | |
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| Chairman & Executive Director | |
| Michael Po-ko WU | BSME, LLD (Hon), PEng (Ontario), FHKIB |
| Vice-Chairman & Executive Director | |
| Patrick Po-kong WU | HonMBA CSturt, HonDUniv CSturt, Hon DSocSc, FCIB, FHKIB, JP |
| Executive Director & Chief Executive | |
| Philip Po-him WU | BA, MBA, PhD, DBA (Hon), FHKIB, BBS, JP |
| Executive Director & General Manager | |
| Che-shum CHUNG | BA |
| Deputy General Manager | |
| Howard Li-chien WU | BA (Hons), MBA |
| Assistant General Managers | |
| Po-chiu TAM | |
| Christine Chi-mei NG | BSc, ACA, CISA |
| Suk-ying NG | FCIB, FHKIB |
| Chung-keung CHEUNG | MSc, MBA, FCCA, CPA, FRM |
| Anthony Shang-fung WU | BAppSc (Computing), MBA, MACS |
| Senior Managers | |
| Kai-hung HO | |
| Wai-kwok CHOW | BSc, MBA, CISA, CISM |
| Anthony Ping-kwan TSUI | DMS, MAppFin, ACIB, AHKIB |
| William Yiu-leung TANG | BSocSc, EMBA |
| Kin-yiu LEUNG | DMS,DTM, MBA, MIHRM |
| Arthur WU | BA, LLB, PCLL, MBA |
| Mason Shang-tun WU | BCom, MCom, CA, CPA, CFA |
| Samuel Sheung-shau WU | BA |
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