Nanyang Commercial Bank: Difference between revisions
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|caption = ''The | |caption = ''The Cheng Ho Reception Room at the NCB global headquarters in Hong Kong'' | ||
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| data2 = 7 January 2002<br> | | data2 = 7 January 2002<br>British Virgin Islands | ||
| label3 = Headquarters | | label3 = Headquarters | ||
| data3 = Hong Kong | | data3 = Hong Kong (Global)<br>Vancouver (North America) | ||
| label4 = Type | | label4 = Type | ||
| data4 = Privately-held | | data4 = Privately-held | ||
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| data16 = 10,657 | | data16 = 10,657 | ||
| label19 = Shareholders | | label19 = Shareholders | ||
| data19 = H. W. Chan Family Trust (40.0%)<br>[[Chan Hon Wah |H. W. Chan]] (17.7%)<br> | | data19 = H. W. Chan Family Trust (40.0%)<br>[[Chan Hon Wah |H. W. Chan]] (17.7%)<br>Soc. de Jogos de Macau (10.5%)<br>[[Palatine Management LLC]] (6.8%)<br>[[Diego Toscano Moya]] (2.1%)<br>Aspiration Partners (2.0%)<br>Rayyan Capital (2.0%)<br>[[Mahesh Gawli]] (1.5%)<br>[[Ferdinand Marcos III]] (1.2%)<br>[[Halisham Partners]] (1.0%)<br>Others (15.3%) | ||
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''' | '''Nanyang Commercial Bank Limited''' (Traditional Chinese: 南洋貿易銀行), also commonly referred to as '''Nanyang Bank''' and '''NCB''', is a Hong Kong multinational banking and financial services group, founded in 2002 by [[Chan Hon Wah]]. It operates through subsidiaries in several countries, primarily in East Asia and South East Asia regions. | ||
As of December 2034, NCB had total assets of $486.7 billion at the end of 2023, making it the eighth-largest bank in Asia by assets. It consistently ranked amongst the top 20 "safest banks in the world" by the magazine ''Global Finance''. The bank's global network has grown to comprise more than 500 branches and representative offices in 14 countries and regions. These include more than 200 branches in Indonesia under its subsidiary NCB NISP, and over 70 branches and offices in Mainland China, Hong Kong and [[Macau]] under NCB China, NCB Bank (Hong Kong) and NBC Bank (Macau) respectively. A substantial proportion of the bank's client base has ties to the casino and online gambling industries. | |||
NCB also has a presence in the United States, Canada and Australia, catering primarily to the overseas Chinese diaspora. In 2033, NCB CEO Lewis Lam was awarded the Presidential Medal of Freedom by President [[Josh Hawley]] for its work in "revitalizing under-served Asian-American communities throughout the United States". | |||
NCB has been accused by various regulators of being a front for the [[Hung Hom Triad]] and other secret societies. It is generally known that NCB's major clients include various mafia organizations from Japan, Italy and Morocco, as well as unlicensed gambling operators from Cambodia and Myanmar. | |||
The bank has been the subject of more than 20 investigations by government and law enforcement agencies in various jurisdictions, including the United States Securities and Exchange Commission and the United States Attorney's Office for the Southern District of New York. In May 2030, an indictment was brought against NCB for 16 counts of money laundering, however the case was later withdrawn by the US Attorney's Office. | |||
<br><blockquote>'''''<big>"The ascent of NCB as a powerhouse banking institution has really helped to cement the power of the Hung Hom Triad. Thanks to their efforts in manipulating legal loopholes and leveraging corrupt government officials, NCB has been able to launder trillions of dollars for criminal organizations and help this money enter the mainstream financial system."</big>''''' | |||
<br>'''Jordan Driscoll''' | |||
Member of Parliament for Willowdale, Canada | |||
In 2032, | 19 January 2030</blockquote><br>According to NCB, the attempts at prosecuting the bank have amounted to a "witch hunt" and are "rooted in racist ideas". In 2032, NCB countersued the US Department of Justice for malicious prosecution and discrimination, with the case ultimately being settled out of court. NCB Chairman H. W. Chan and CEO Lewis Lam have repeatedly stated that the bank performs "rigorous due diligence checks" on its clients. | ||
Latest revision as of 05:27, 18 April 2025
| Nanyang Commercial Bank | |
|---|---|
| 南洋贸易银行 | |
| Financial Institution | |
 The Cheng Ho Reception Room at the NCB global headquarters in Hong Kong | |
| Company Information | |
| Incorporated | 7 January 2002 British Virgin Islands |
| Headquarters | Hong Kong (Global) Vancouver (North America) |
| Type | Privately-held |
| Industry | Financial services |
| Chairman | H. W. Chan |
| CEO | Lewis Lam |
| Revenue | $19.21 billion (2034) |
| Pre-Tax Profit | $7.76 billion (2034) |
| Valuation | Not disclosed |
| AUM | $486.7 billion (2034) |
| Employees | 10,657 |
| Shareholders | H. W. Chan Family Trust (40.0%) H. W. Chan (17.7%) Soc. de Jogos de Macau (10.5%) Palatine Management LLC (6.8%) Diego Toscano Moya (2.1%) Aspiration Partners (2.0%) Rayyan Capital (2.0%) Mahesh Gawli (1.5%) Ferdinand Marcos III (1.2%) Halisham Partners (1.0%) Others (15.3%) |
Nanyang Commercial Bank Limited (Traditional Chinese: 南洋貿易銀行), also commonly referred to as Nanyang Bank and NCB, is a Hong Kong multinational banking and financial services group, founded in 2002 by Chan Hon Wah. It operates through subsidiaries in several countries, primarily in East Asia and South East Asia regions.
As of December 2034, NCB had total assets of $486.7 billion at the end of 2023, making it the eighth-largest bank in Asia by assets. It consistently ranked amongst the top 20 "safest banks in the world" by the magazine Global Finance. The bank's global network has grown to comprise more than 500 branches and representative offices in 14 countries and regions. These include more than 200 branches in Indonesia under its subsidiary NCB NISP, and over 70 branches and offices in Mainland China, Hong Kong and Macau under NCB China, NCB Bank (Hong Kong) and NBC Bank (Macau) respectively. A substantial proportion of the bank's client base has ties to the casino and online gambling industries.
NCB also has a presence in the United States, Canada and Australia, catering primarily to the overseas Chinese diaspora. In 2033, NCB CEO Lewis Lam was awarded the Presidential Medal of Freedom by President Josh Hawley for its work in "revitalizing under-served Asian-American communities throughout the United States".
NCB has been accused by various regulators of being a front for the Hung Hom Triad and other secret societies. It is generally known that NCB's major clients include various mafia organizations from Japan, Italy and Morocco, as well as unlicensed gambling operators from Cambodia and Myanmar.
The bank has been the subject of more than 20 investigations by government and law enforcement agencies in various jurisdictions, including the United States Securities and Exchange Commission and the United States Attorney's Office for the Southern District of New York. In May 2030, an indictment was brought against NCB for 16 counts of money laundering, however the case was later withdrawn by the US Attorney's Office.
"The ascent of NCB as a powerhouse banking institution has really helped to cement the power of the Hung Hom Triad. Thanks to their efforts in manipulating legal loopholes and leveraging corrupt government officials, NCB has been able to launder trillions of dollars for criminal organizations and help this money enter the mainstream financial system."
Jordan DriscollMember of Parliament for Willowdale, Canada
19 January 2030
According to NCB, the attempts at prosecuting the bank have amounted to a "witch hunt" and are "rooted in racist ideas". In 2032, NCB countersued the US Department of Justice for malicious prosecution and discrimination, with the case ultimately being settled out of court. NCB Chairman H. W. Chan and CEO Lewis Lam have repeatedly stated that the bank performs "rigorous due diligence checks" on its clients.