Ka Wah Bank

History

• 1922: Ka Wah Ngan Ho was founded in Guangzhou by Dr. Lam Chi Fung, the founding president of Hong Kong Baptist College. Its name, Ka Wah, was derived from the names of Ka Nam Tong and Nam Wah Company.
• 1924: Ka Wah Savings Bank Limited was founded in Hong Kong. Ka Wah Ngan Ho in Guangzhou then became Ka Wah Savings Bank Limited, Guangzhou Branch.
• 1926: Ka Wah Savings Bank Limited was renamed as Ka Wah Bank Public Limited Company.
• 1931: Shanghai branch was established.
• 1935: Branches in Shanghai and Guangzhou were closed down.
• 1945: It reopened in Hong Kong.
• 1949: It was renamed as Ka Wah Bank Limited.
• 1974: C.S. Low, a Singapore businessman and banker, led takeover of Ka Wah Bank in December 1974 from a group of U.S. investors. He became the bank's largest shareholder.
• 1975: After C.S. Low assumed management of the bank, business expanded rapidly.
• 1980: It was listed on the Hong Kong Stock Exchange. Underwritten by Chase Manhattan Asia.
• 1983: Between 1975 and 1983, the bank's net earnings rose by about 2,200%.
• 1986: Ka Wah Bank suffered from financial difficulties, and CITIC Group injected HK$350 million capital into the bank.
• 1998: Ka Wah Bank was renamed as CITIC Ka Wah Bank Limited.
• 2002: CITIC Ka Wah Bank was privatized by CITIC International Financial Holdings and it became a whole-owned subsidiary of CITIC International Financial Holdings.

  See others

• CITIC Ka Wah Bank
• David Lam See-chai, one of nine children of Lam Chi Fung who later moved to Canada and became the Lieutenant Governor of British Columbia