International Bank of Asia - Timeline

Timeline

• 1985: Arab Banking Corporation (ABC) acquired 75% of Sun Hung Kai Bank from Fung King Hey's family.
• 1986: The bank was renamed International Bank of Asia (IBA).
• 1990: ABC purchased the remaining 25% and IBA became a wholly owned subsidiary of ABC.
• 1993: China Everbright Holdings acquired a 20% stakes of IBA. And IBA was listed on the Hong Kong Stock Exchange.
• 2004: Taiwanese Fubon Financial Holding acquired a 55% stake of IBA from Arab Banking Corporation. Later it acquired China Everbright’s 20% and became a 75% shareholder of IBA.
• 2005: The bank was renamed to Fubon Bank (Hong Kong) Limited.