NCB meaning in Business ?

Answer: What is Nanyang Commercial Bank mean?

Nanyang Commercial Bank (NCB, Chinese: 南洋商業銀行) is a bank based in Hong Kong and a wholly owned subsidiary of China Cinda Asset Management (Cinda), with 42 branches. It was established in Hong Kong on 14 December 1949. NCB primarily focuses on corporate customers, in particular trading companies.

In 2015 Cinda acquired Nanyang Commercial Bank from Bank of China (Hong Kong) for HK$68 billion. Cinda had purchased NCB to diversify its business in areas of cross-border finance.

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