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Bank Of America (asia)





HISTORY

The Bank has over 90 years of history in Hong Kong, when its predecessor, the Bank of Canton - the first Chinese-owned bank in the territory - was founded in February 1912 .

The Bank of Canton was acquired by the Security Pacific National Bank in 1988 , and was renamed '''Security Pacific Asian Bank'''. The bank became part of the Bank Of America following a merger of the Security Pacific National Bank and the Bank of America in 1992 , and was renamed Bank of America (Asia) in 1993 . In terms of net assets, Bank of America (Asia) is the most profitable and the largest subsidiary of Bank of America outside of the United States.

SUBSIDIARIES AND AFFILIATED COMPANIES

  • QBE Hongkong & Shanghai Insurance Limited - a joint venture with QBE Insurance , offers a comprehensive range of personal and commercial insurance services.

  • Inchroy Credit Corporation - a joint venture between Bank of America and Pacific plc, offers motor vehicle and equipment finance, and consumer loans.

  • Bank Of America (Macau) - a wholly owned subsidiary of Bank of America (Asia).

  • Bank of America (Macau)

''Main article: Bank Of America (Macau) ''

The Bank of America (Macau) incorporated on July 1 , 1936 as Bank of Canton, is one of the longest established banks in Macao . It was renamed Security Pacific Asian Bank (Macau) in 1991 and as Bank of America (Macau) in 1994 .

SEE ALSO