Bank of Hangzhou (BOH; ) is a Chinese joint-stock commercial bank founded in 1996 and headquartered in Hangzhou, Zhejiang.
Background
Hangzhou City Commercial Bank (HCCB) was founded on 26 September 1996. The bank mostly operated in Zhejiang province.[2]
In April 2005, Commonwealth Bank acquired a 19.9% stake in HCCB for A$100 million. The deal allowed Commonwealth Bank to have representation on the board and would also provide technical support to HCCB.[2][3]
In December 2006, Asian Development Bank (ADB) acquired a 5% stake in HCCB for US$30 million.[4] In 2014, ADB would sell its entire stake to