Chung Khiaw Bank

Chung Khiaw Bank Limited was a Singapore bank that was established by millionaire Aw Boon Haw and later became a subsidiary of United Overseas Bank after takeovers in 1971–72. Part of the shares of Chung Khiaw Bank was injected to a listed company Haw Par Brothers International in 1969 and was acquired by a domestic competitor United Overseas Bank (UOB) in 1971, after the parent company was takeover by Slater Walker. Chung Khiaw Bank merged with UOB in 1999.

Chung Khiaw Bank
Company typeSubsidiary (Former private)
IndustryFinancial services
Founded
4 February 1950(start operation)
Founder
Aw Boon Haw(as shareholder and founding chairman)
Lee Chee Shan(as founding managing director)
Defunct
1999(in Singapore market)
1997(in Malaysia market)
1999(in Hong Kong market)
FateMerged with UOB
SuccessorCertain UOB branches in Singapore, Malaysia and Hong Kong
HeadquartersInternational Plaza,
Singapore
Area served
  • Singapore
  • Malaysia
  • Hong Kong
Services
  • retail banking
  • corporate banking
Net income
S$66 million(1997)
S$53 million(1998)
OwnerUnited Overseas Bank (100%)
ParentUnited Overseas Bank
Chinese name
Traditional Chinese崇僑銀行
Simplified Chinese崇侨银行
Literal meaningHonor Overseas Bank (Bank [that] Honor Overseas [Chinese])
Footnotes / references
Profit excluding Malaysia branches

The brand "Chung Khiaw Bank" was survived in nearby Malaysia as a subsidiary of UOB until 1997. In 1997, UOB (Malaysia) merged with Chung Khiaw Bank (Malaysia).

In 1971, Chung Khiaw Bank also have two branches in Hong Kong, which became the branches of UOB in 1999.

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