Dao Heng Bank

Overview

Dao Heng Bank Group Limited

native name	道亨銀行集團有限公司
native name lang	zh
type	Public
traded as	sehk: 223 (delisted on 4 September 2001)
industry	Banking
fate	Acquired and privatised by DBS Group Holdings Ltd in 2001
foundation	Hong Kong (September 21, 1990) (Dao Heng Bank Limited was established in 1921)
location country	Hong Kong
area served	Hong Kong
key people	Quek Leng Chan (Executive Chairman) Kwek Leng Hai (Managing Director) Randolph Gordon Sullivan (Director)
services	Financial services
net income	HK$1,730,084,000 (2000) HK$1,203,301,000 (1999) HK$1,255,314,000 (1998) HK$2,119,708,000 (1997) HK$1,505,811,000 (1996) HK$1,203,113,000 (1995) HK$1,133,977,000 (1994) HK$400,857,000 (1993) HK$320,451,000 (1992) HK$232,014,000 (1991)
assets	HK$141,986,429,000 (2000) HK$131,876,313,000 (1999) HK$122,934,242,000 (1998) HK$125,485,256,000 (1997) HK$103,480,286,000 (1996) HK$82,213,503,000 (1995) HK$66,889,359,000 (1994) HK$31,854,378,000 (1993) HK$25,419,953,000 (1992) HK$19,641,593,000 (1991)
equity	HK$12,542,569,000 (2000) HK$11,656,833,000 (1999) HK$11,073,988,000 (1998) HK$10,600,880,000 (1997) HK$9,234,417,000 (1996) HK$7,223,192,000 (1995) HK$6,016,680,000 (1994) HK$1,949,970,000 (1993) HK$1,808,814,000 (1992) HK$1,648,018,000 (1991)
num employees	~3,300 (2000) ~3,100 (1999)
parent	Guoco Group Limited
subsid	Dao Heng Bank Limited (renamed DBS Bank (Hong Kong) Limited on 21 July 2003) Overseas Trust Bank Limited (merged into DBS Bank (Hong Kong) Limited on 21 July 2003)
homepage	www.daoheng.com

Dao Heng Bank Group Limited (former stock code: ) was a bank holding company in Hong Kong and it had two major subsidiaries before being acquired, Dao Heng Bank Limited and Overseas Trust Bank Limited.

Dao Heng Bank Limited was established in Hong Kong in 1921.[1] It was acquired by Guoco Group (a member of the Hong Leong Group) in 1982 and was listed on the Hong Kong Stock Exchange in 1983. In 1989, it acquired Hang Lung Bank from the Hong Kong Government. In 1993, it acquired Overseas Trust Bank from the Hong Kong Government. Instrumental in this merger, which Euromoney Magazine called "The Deal of the Year", was Managing Director Mr. Werner M. M. Makowski. A deal which led to Dao Heng Bank Group's listing on the Hong Kong Stock Exchange to be 277 times over-subscribed.[2] On 6 December 1999, it joined to be Hang Seng Index Constituent Stocks (blue chip), making it one of the 4 leading banks that were HSI constituents.[3]

Dao Heng Bank

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References