Hong Nin Savings Bank (Traditional Chinese: 康年儲蓄銀行) was a bank in Hong Kong, founded in 1921.
| 康年儲蓄銀行 | |
| Formation | 1921 |
|---|---|
| Dissolved | 1986 |
| Location | |
| Hong Nin Savings Bank | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 康年儲蓄銀行 | ||||||||
| |||||||||
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
- ^ The Glasgow Herald. The Glasgow Herald.
- ^ Manila Standard. Manila Standard.
- ^ Manila Standard. Manila Standard.
- ^ 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.
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