page_title: OCBC Wing Hang Bank
section_title: History
hierarchical_section_title: OCBC Wing Hang Bank / History
caption_attribution_description: English: OCBC Wing Hang Bank in Sheung Wan, Hong Kong.
context_page_description: OCBC Wing Hang Bank Limited, formerly Wing Hang Bank Limited is a licensed bank with its head office in Hong Kong, where it is the eighth biggest bank by total assets. Since end of July 2014 Wing Hang Bank has been a subsidiary of Oversea-Chinese Banking Corporation of Singapore. The acquisition of Wing Hang has given OCBC a network of about 70 branches spanning Hong Kong, Macau and mainland China to add to OCBC's existing operations in Hong Kong and China.
context_section_description: Mr Y K Fung established Wing Hang Ngan Ho in 1937 in Canton to engage in money changing. Its early years were difficult due to the turbulent political and economic conditions in China. In 1941, the firm established a subsidiary, Banco Weng Hang, in Macau.
  In 1945 Wing Hang Ngan Ho re-established itself in Hong Kong with a capital of HK$300,000 and a staff of 19. The firm prospered during the post-war boom and in 1960 incorporated as Wing Hang Bank.
  In 1973 the Irving Trust Company of New York acquired a majority interest in Wing Hang and the partnership provided
  the Bank with a stronger financial base and the expertise of a major international bank. In 1979 the Head Office
  Building was re-developed and provided much needed modern facilities for its operations.
  In 1989 Irving Trust Company merged with The Bank of New York. In July 1993, Wing Hang Bank listed its shares on the Hong Kong Stock Exchange. In August 2004, Wing Hang completed the merger with Chekiang First Bank, a local bank noted for its solid credit history and high quality portfolio. This acquisition provided the Bank with a greater scale and coverage in the market. In January 2007, the Bank acquired Inchroy Credit Corporation, a major financial institution engaged in the hire purchase and lease financing business.
  In July 2007, The Bank of New York Company Inc. merged with Mellon Financial Corporation to form The Bank of
  New York Mellon Corporation. That same year Wing Hang established Wing Hang Bank (China).
caption: OCBC Wing Hang Bank Queen's Road Central Branch in Hong Kong.
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