CITIC Bank International

CITIC Bank International(Traditional Chinese: 中信銀行國際)(Former stock code: HKEX: 183)(formerly known as CITIC Ka Wah Bank(Traditional Chinese: 中信嘉華銀行)and Ka Wah Bank)is a Hong Kong bank majority owned by CITIC. It is a subsidiary of CITIC International Financial Holdings.

History

• 1922: Ka Wah Ngan Ho (Traditional Chinese: 嘉華銀號) was founded in Guangzhou by Dr. Lam Chi Fung, the founding president of Hong Kong Baptist College.
• 1924: Ka Wah Savings Bank Limited (Traditional Chinese: 嘉華儲蓄銀行有限公司) was founded in Hong Kong.
• 1926: Ka Wah Savings Bank Limited was renamed as Ka Wah Bank Public Limited Company (Traditional Chinese: 嘉華銀行公眾有限公司).
• 1949: It was renamed as Ka Wah Bank Limited (Traditional Chinese: 嘉華銀行有限公司).
• 1986: Ka Wah Bank faced financial difficulties, and CITIC Group injected HK$350 million capital into the bank.
• 1998: Ka Wah Bank was renamed as CITIC Ka Wah Bank Limited.
• 2002: CITIC Ka Wah Bank became a whole-owned subsidiary of CITIC International Financial Holdings. It acquired and merged with Hongkong Chinese Bank, Limited.
• 2004: Shanghai branch was established.
• 2005: Macau branch was established.

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• 2010: CITIC Ka Wah Bank was renamed as CITIC Bank International Limited.

See others

• Ka Wah Bank

External links

• CITIC Bank International

References