Core Viewpoint - Dahua Bank (China) announced the transfer of its personal banking business to Fubon Bank (China) with the transfer expected to be completed by July 2025, as part of a strategic business adjustment aimed at enhancing operational efficiency and focusing on cross-border business needs in the China-ASEAN region [1][10]. Summary by Sections Business Transfer Announcement - Dahua Bank (China) will transfer its personal banking services to Fubon Bank (China) effective from February 24, 2025, with completion anticipated by July 2025 [1]. - The transfer includes all personal customer accounts, deposits, loans, and related wealth management products [10]. Changes to Personal Banking Services - Starting June 23, 2025, Dahua Bank will cease all buy-in services for overseas wealth management plans through branch counters and phone channels [4]. - The Dahua Wealth APP will stop accepting product subscription, conversion, and redemption requests from June 20, 2025 [4]. - Insurance agency relationships will end on July 5, 2025, and customers must change their payment accounts by July 4, 2025, to avoid policy lapses [4]. Communication and Service Adjustments - The bank will stop new binding functions on its WeChat public account from June 1, 2025, and all services related to the U Enjoy Club will be terminated [8]. - Personal financial service communication via WeChat will cease from May 26, 2025 [8]. - Post-transfer, only the Shanghai branch will continue to provide offline personal banking services, while other cities will halt personal business operations [8]. Strategic Business Adjustment - The transfer is part of a broader strategic shift initiated in 2018 to focus on enhancing China-ASEAN business cooperation and streamlining personal banking operations [10]. - The bank emphasizes that this decision aligns with its commitment to customer interests and aims to provide high-quality services [10]. Impact on Other Business Areas - The transfer will not affect Dahua Bank's wholesale banking and global financial services, and it is expected to have no substantial impact on the bank's financial status [11]. - Fubon Bank has established a presence in 13 cities with 24 branches, indicating its capability to manage the transferred personal banking business effectively [11].
即将进入“静默期”!这家银行最新公告
券商中国·2025-05-12 09:03