Hong Nin Savings Bank (Traditional Chinese: 康年儲蓄銀行) was a bank in Hong Kong, founded in 1921.

Hong Nin Savings Bank
康年儲蓄銀行
Formation1921
Dissolved1986
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

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  1. ^ The Glasgow Herald. The Glasgow Herald.
  2. ^ Manila Standard. Manila Standard.
  3. ^ Manila Standard. Manila Standard.
  4. ^ 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.