Dah Sing Banking Group Limited(02356.HK)
Profile
Employees：
1793
Email：
ops@dahsing.com.hk
WebSite：
http://www.dahsing.com
Tel：
00852-25078866
Fax：
00852-25985052
Dah Sing Banking Group Limited is an investment holding company. It provides banking, financial and other related services in Hong Kong, Macau and the People鈥檚 Republic of China. It operates in five segments: personal banking, commercial banking, treasury activities, overseas banking and others. Personal banking business includes the acceptance of deposits from individual customers and the extension of residential mortgage lending, personal loans, overdraft and credit card services, the provision of insurance sales, and investment services. Commercial banking business includes the acceptance of deposits from and the advance of loans and working capital finance to commercial, industrial and institutional customers, and the provision of trade financing. Treasury activities are provision of foreign exchange services and centralized cash management for deposit taking and lending. Overseas banking includes personal banking, commercial banking business activities by overseas subsidiaries.
Reports
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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 four banking subsidiaries (Dah Sing Bank, MEVAS Bank and 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, as well as an offshore joint venture private banking business with SG Hambros Bank.
The Group continued its expansion in recent years, and DSFH had total assets of over HK$142.7 billion as at 31 December 2010. 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 80 branches.
Dah Sing Bank's long term rating had been affirmed as "A-" and "A3" by Fitch and Moody's respectively in 2010.
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