Fubon Bank (Hong Kong) Limited is a wholly owned subsidiary of Fubon Financial Holding Co., Ltd. (Fubon Financial Holdings), one of Taiwan’s largest financial holding companies. Fubon Financial Holdings aims to be one of Asia’s leading financial institutions, providing comprehensive services through its subsidiaries. Fubon Bank, headquartered in Hong Kong, operates:
- 15 branches
- 3 SME Banking Services Centres
- 1 Offshore Banking Centre
- 1 Securities Services Centre
It provides various financial services, including consumer and wholesale banking, wealth management, financial markets, securities brokerage, and investment services. Standard & Poor’s rates Fubon Bank with an A-2 short-term and BBB+ long-term rating, reflecting strong capitalization, good liquidity, and sound asset quality.
| Website | www.fubonbank.com.hk |
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History
Initial Establishment as Sun Hung Kai Bank
- 1970: Established as Sun Hung Kai Finance Company, part of Sun Hung Kai Securities.
- 1979: Listed on the Hong Kong Stock Exchange.
- 1983: Experienced a bank run following the burst of the Hong Kong real estate bubble and concerns about Hong Kong’s future post-handover.
Acquisition and Rebranding
- 1985: Arab Banking Corporation (ABC) acquired 75% of Sun Hung Kai Bank.
- 1986: Rebranded as International Bank of Asia (IBA) under CEO Ahmet D. Arsan.
- 1990: ABC acquired the remaining 25% stake, and IBA was listed on the Hong Kong Stock Exchange.
- 1993: China Everbright Group took a 20% stake in IBA.
- 2004: Fubon Financial Holding Co., Ltd. acquired a 75% stake in IBA from ABC and China Everbright Group.
- 2005: IBA was renamed to Fubon Bank (Hong Kong) Limited following Fubon’s acquisition.
Key Timeline
- 1970: Founded by Fung King Hey, a co-founder of Sun Hung Kai & Co. Limited.
- 1978: BNP Paribas became a shareholder of the bank.
- 1980: Merrill Lynch became a shareholder of the bank.
- 1985: Arab Banking Corporation paid HK$359.72 million to acquire the bank from Fung.
- 2005: Rebranded as Fubon Bank (Hong Kong) Limited.
Through its rich history, Fubon Bank (Hong Kong) has evolved into a reputable financial institution serving clients across consumer and wholesale banking markets.
