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Chung Khiaw Bank information


Chung Khiaw Bank
Company typeSubsidiary (Former private)
IndustryFinancial services
Founded
4 February 1950(start operation)[2]
Founder
Aw Boon Haw(as shareholder and founding chairman)
Lee Chee Shan(as founding managing director)
Defunct
1999(in Singapore market)[3]
1997(in Malaysia market)[3]
1999(in Hong Kong market)[3]
FateMerged with UOB
SuccessorCertain UOB branches in Singapore, Malaysia and Hong Kong
HeadquartersInternational Plaza,
Singapore[4]
Area served
  • Singapore
  • Malaysia
  • Hong Kong
Services
  • retail banking
  • corporate banking
Net income
Decrease S$66 million[4](1997)
Decrease S$53 million[5](1998)
OwnerUnited Overseas Bank (100%)
ParentUnited Overseas Bank
Chinese name
Traditional Chinese崇僑銀行
Simplified Chinese崇侨银行
Literal meaningHonor Overseas Bank (Bank [that] Honor Overseas [Chinese])
Footnotes / references
Profit excluding Malaysia branches

Chung Khiaw Bank Limited was a Singapore bank that was established by millionaire Aw Boon Haw and later became a subsidiary of United Overseas Bank after takeovers in 1971–72. Part of the shares of Chung Khiaw Bank was injected to a listed company Haw Par Brothers International in 1969 and was acquired by a domestic competitor United Overseas Bank (UOB) in 1971, after the parent company was takeover by Slater Walker. Chung Khiaw Bank merged with UOB in 1999.

The brand "Chung Khiaw Bank" was survived in nearby Malaysia as a subsidiary of UOB until 1997. In 1997, UOB (Malaysia) merged with Chung Khiaw Bank (Malaysia).[6]

In 1971, Chung Khiaw Bank also have two branches in Hong Kong, which became the branches of UOB in 1999.[7]

  1. ^ Cite error: The named reference January1972UOB was invoked but never defined (see the help page).
  2. ^ "untitled". The Straits Times. Singapore. 1 February 1950. Retrieved 11 October 2017 – via Singapore National Library.
  3. ^ a b c Cite error: The named reference about was invoked but never defined (see the help page).
  4. ^ a b "1997 Annual Report" (PDF). United Overseas Bank. 1998. Retrieved 11 October 2017.
  5. ^ "1998 Annual Report" (PDF). United Overseas Bank. 1999. Retrieved 11 October 2017.
  6. ^ "Corporate Profile". United Overseas Bank (Malaysia). Retrieved 11 October 2017.
  7. ^ "有關香港大華銀行" [About UOB (Hong Kong)] (in Chinese). UOB (Hong Kong). Retrieved 11 October 2017.

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