History in Brief - Tai Fung Bank Limited ,formerly Tai Fung Money Changer , was founded in 1942 by Mr. Ho Yin and several business magnates from Macau and Hong Kong.
- In 1969, Tai Fung Money Changer was registered as “Tai Fung Money Changer Limited”.
- Tai Fung Money Changer Limited was the first financial institution that applied to incorporated as a bank under the Macau’s Decree-Law of Banking in 1971. On 20 January , 1972, it was officially approved and became the first local bank in Macau to operate under the name “Tai Fung Bank Limited” with a registered capital of MOP 5 million.
- In order to strengthen its capacity, in September 1984, Bank of China, Beijing was invited to participate as the Bank’s shareholders, holding 50% of the then expanded capital of MOP 160 million.
- Since 1991, the Bank has increased its capital several times and currently its paid up capital is MOP 1.5 billion.
- The total assets of the Bank are MOP 183.8 billion as at the end of 2019.
