Dah Sing Bank

Dah Sing Bank

Country:Hong Kong.
Description:"The Dah Sing Group is a leading financial services group in Hong Kong, active in providing banking, insurance, financial and other related services in Hong Kong, Macau and the People's Republic of China. The Dah Sing Group consists of two listed companies, Dah Sing Financial Holdings Limited (""DSFH""), which has been listed on the Hong Kong Stock Exchange since 1987, and Dah Sing Banking Group Limited (""DSBG""), which has been listed on the Hong Kong Stock Exchange since 2004. The Dah Sing Group has gained a reputation as one of the most progressive and innovative financial services groups. Key to its success is the strength of the Dah Sing management team and the group's commitment to serving its customers. DSFH is the holding company for the group's life and general insurance business, as well as the majority shareholder in DSBG. DSBG has three banking subsidiaries (Dah Sing Bank, Banco Comercial de Macau and Dah Sing Bank (China) Limited), providing banking and financial services through a branch network of around 70 branches over Hong Kong, Macau and China, and a securities trading company. The Group’s insurance businesses are operated through Dah Sing Life Assurance Company and Dah Sing Insurance Company (1976) in Hong Kong, and Macau Insurance Company and Macau Life Insurance Company in Macau, offering a wide range of life and general insurance services in the two markets. The Group continued its expansion in recent years, and DSFH had total assets of over HK$163.4 billion as at 30 June 2012. The Dah Sing Group has been a pioneer of the development of the consumer banking, SME lending and bancassurance sectors amongst the mid-size financial services groups in Hong Kong, and this culture of innovation and progress has been fundamental to the growth of the Group's businesses. Dah Sing Bank, DSBG's major banking subsidiary, is the strategic investor holding a 20% interest in Bank of Chongqing, which is a leading city commercial bank in Chongqing, the largest city in Western China. Bank of Chongqing is operating mainly in Chongqing with a branch network of over 90 branches. Dah Sing Bank's long term rating had been affirmed as ""A3"" by Moody's in 2010 and 2011. The latest long term rating assigned by Fitch to Dah Sing Bank in March 2012 is ""BBB+""."
Type:Commercial and Private Banking

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