Press Releases

 

7 November, 2008  

Press Release

Nanyang Commercial Bank Ltd. announces that with effect from 8 November 2008 (Saturday),its Hong Kong Dollar prime rate will be reduced from 5.25% p.a. to 5.00% p.a. and its Hong Kong Dollar savings deposit rate will be reduced from a maximum of 0.05% p.a. to 0.01% p.a. Under the latest tiered interest rate structure for Hong Kong Dollar savings accounts, the following rates will apply:

Daily Account Balance (HK$) Interest Rate (p.a.)
Below $3,000 0.00%
$3,000 to $9,999 0.01%
$10,000 to $149,999 0.01%
$150,000 or above 0.01%

Bonus Scheme:
Daily Account Balance at HK$500,000 or above will enjoy an additional bonus rate of 0.01% p.a.

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11 August, 2008  

Press Release

Statement

Nanyang Commercial Bank Ltd. (NCB) wishes to alert the public that an email address as "nanyangcommercialbk@live.com" is similar to our Bank name. NCB hereby solemnly declares that it is not related in any way, directly or indirectly, to the said email address.

NCB would like to reemphasize that the said email address are not related to NCB. NCB has reported the case to the Hong Kong Monetary Authority and Hong Kong Police.

Customers are reminded to be vigilant of any fraudulent websites which seek to pass off as www.ncb.com.hk. Customers should not access their e-banking accounts through hyperlinks embedded in emails sent to them from any unknown source. It is always prudent to type in NCB's web address (www.ncb.com.hk) into the browser address bar to ensure the security of their personal information.

Unless customers are certain that they are connected to www.ncb.com.hk, particulars of their e-banking accounts should not be provided. Under no circumstances would NCB send out any emails to ask for or verify customers' personal information, including but not limited to account number, PIN, account balance, HKID card number, passport number or any identification document number. If customers have any enquiry, they are advised to call the customer hotline of NCB at (852) 2622 2633 or send email to nanyang@ncb.com.hk.

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15 January, 2007  

Press Release

The Appointment of Mr. Xu Gang
as the Chief Executive of Nanyang Commercial Bank, Limited

Upon approval of the Hong Kong Monetary Authority, the Board of Nanyang Commercial Bank, Limited (NCB) resolved to appoint Mr. Xu Gang as the Chief Executive of NCB, with effect from 15 January 2007, to succeed Ms. Li Jiwen who has reached retirement age.

With extensive experience in financial business, Mr. Xu Gang has held various senior management positions prior taking the new role. He is familiar with the overall operation of commercial banking and acquainted with the operation of capital market and investment banking. Mr. Xu, born in 1956, joined Bank of China in 1987 and has served as General Manager of Credit Business Department of Bank of China, Deputy Chief Executive Officer of BOC International Holdings Limited and Chief Executive Officer of Bank of China Group Investment Limited. From 2005 to 2006, he was Deputy Executive President of China Orient Asset Management Corporation. Mr. Xu graduated from the Beijing Second Foreign Language Institute in 1978. During 1984 to 1985, he studied at the Institute of Education, University of London. Mr. Xu's valuable experience in financial business and senior management, coupled with his outstanding achievement in the past, will be conducive to the further healthy development of NCB.

Ms. Li Jiwen has served NCB for eleven years. Thanks to her strong leadership, strategic vision and in-depth experience in banking and management, Ms. Li has successfully led Nanyang to sail through the Asian financial turmoil and achieve good business results amid healthy development of the Bank during her service as its Vice Chairperson and Chief Executive. The Board would like to take this opportunity to express its gratitude to Ms. Li Jiwen for her valuable contribution towards NCB during her tenure of office.

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Media enquiry

Nanyang Commercial Bank Ltd. Executive Office
Ms Valerie Fong (852) 2852-0027
Customer Hotline (852) 2622-2633

Introduction of Nanyang Commercial Bank, Ltd. (www.ncb.com.hk)

Nanyang Commercial Bank, Limited was incorporated in Hong Kong on 14 December 1949. The Bank has 43 branches in Hong Kong and San Francisco, USA. NCB has also established a wholly owned subsidiary, Nanyang Commercial Bank (China), Ltd. holding 8 branches in the Mainland of China. The Bank is a wholly owned subsidiary of Bank of China (Hong Kong) Limited.