Trisha Shetty (Editor)

Macau Chinese Bank

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Founded
  
2002

Parent organization
  
Winwise Holdings Limited

Macau Chinese Bank uploadwikimediaorgwikipediazh881MacauChine

The Macau Chinese Bank Limited (Chinese: 澳門華人銀行有限公司; Portuguese: Banco Chinês de Macau, S.A.) is a bank in Macau, China.

The bank was formerly known as Finibanco (Macau) (Chinese: 富利銀行有限公司). But it was acquired by Winwise Holdings Limited, the subsidiary of Hongkong Chinese Limited, in 2002 and renamed as The Macau Chinese Bank, Limited. In 2007, Value Convergence Holdings, a subsidiary of Melco International Development, signed an agreement to acquire 60% stake of Macau Chinese Bank. However, in 2008, Value Convergence Holdings declared to give up the acquisition because Monetary Authority of Macao did not agree it before the agreement expiry date.

In 2015 Chinese state-owned Nam Yue Group acquired 56% stake of the bank from Hongkong Chinese Limited in 2 tranches. 2 other natural persons also acquired 24% stake of the bank.

See others

  • Hongkong Chinese Bank - now merged to CITIC Ka Wah Bank
  • References

    Macau Chinese Bank Wikipedia