Chong Hing Bank is among the top 400 global banks in the British magazine The Banker for the first time
Release Date:2019-07-25 17:16:19

Chong Hing Bank has been selected as the “Top 1000 Global Bank” by The Banker for many years. This year, it has ranked among the top 400 for the first time with Tier 1 Capital of US$2.56 billion (as of December 31, 2018). Chong Hing Bank ranked 398th in the global bank ranking, jumped 78 places from 2018.This ranking has reached a record high, which shows that the comprehensive strength of Chong Hing Bank has gained further international recognition.

Chong Hing Bank has been rooted in Hong Kong for more than 70 years. Chong Hing Band has always adhered to steady operation and has been striving to provide comprehensive financial services to its customers. Since becoming a member of Yuexiu Group in 2014, Chong Hing Bank has continued to develop with a pragmatic business philosophy, grasp the development opportunities of the construction of the Guangdong, Hong Kong and Macau Greater Bay Area, and is committed to providing differentiated cross-border financial products and services. As of December 31, 2018, Chong Hing Bank's total assets amount was HK$190.6 billion. Revenue and total profit before taxation were HK$3.69 billion and HK$2.11 billion respectively. The business continued to grow rapidly, total capital ratio was 19.01%, tier 1 capital ratio was 15.19%, the overall finance is stable and sound, and the asset quality is good.

In the future, Chong Hing Bank will rely on the resource advantages of the major shareholders Yuexiu Group and Guangzhou Metro to further deepen the synergy effect and move towards a corporate vision of “building a comprehensive commercial bank with cross-border characteristics”, strive to become an international bank that rooted in Hong Kong and based in Guangdong, Hong Kong and Macau Greater Bay Area and radiates across the country and Asia Pacific.

Founded in 1926, The Banker is an authoritative financial magazine of the Financial Times Group, one of the world's most prestigious financial media. The magazine comprehensively evaluates the “Top 1000 Global Bank” according to the core capital, asset scale and profitability of banks in different countries and regions. It is one of the most mainstream and authoritative global bank rankings in the world today.