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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
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| 1969 |
Tai Fung Money Changer was registered
as "Tai Fung Money Changer Limited".
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| 1972 |
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.
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| 1974 |
Tai Fung Bank Building, the Bank's
old headquarters situated at 296 Avenida Almeida Ribeiro, was put
into operation.
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| 1984 |
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. |
| 1985-1999 |
The Bank's then Executive Director & General
Manager, Mr. Ho Hau Wah, was elected the chairman of the Macau Association
of Banks for five consecutive terms. |
| 1991 |
The Bank has increased
its capital several times and currently its paid up capital is MOP
1 billion, the largest among locally registered banks. The total
assets of the Bank are MOP 32.5 billion as at the end of 2006.
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| 1997 |
The Bank moved its head office to
the new Headquarters at 418 Alameda Dr. Carlos d'Assumpcao.
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| 1999 |
On 15th May, the Bank's then Executive
Director & General
Manager, Mr. Ho Hau Wah, was elected the first Chief Executive of
Macau Special Administrative Region of the People's Republic of China.
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| 1999 |
On 1st August, Mr. Long Rongshen
was appointed the Executive Director & General Manager of the
Bank.
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| 2007 |
On 1st July, Mr. Liu Daguo
was appointed the Executive Director & General Manager of the
Bank. Mr. Long Rongshen remained an Executive Director and appointed
Advisor of the Bank.
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