BCM bank has become a member of the Dah Sing Group following the completion of the acquisition of BCM by Dah Sing Bank, Limited on 19th December 2005.
The Dah Sing Group is a leading financial services group in Hong Kong, active in the banking and insurance business. The Dah Sing Group consists of two listed companies, Dah Sing Financial Holdings Limited ("DSFH"), which has been listed on the Hong Kong Stock Exchange since 1987, and Dah Sing Banking Group Limited ("DSBG"), which has been listed on the Hong Kong Stock Exchange since 2004. The Dah Sing Group has gained a reputation as one of the most progressive and innovative financial services groups. Key to its success is the strength of the Dah Sing management team and the group's commitment to serving its customers.
DSFH is the holding company for the group's life and general insurance business, as well as the majority shareholder in DSBG. DSBG has two banking subsidiaries (Dah Sing Bank ("DSB") and MEVAS Bank), and a securities trading company, as well as an offshore joint venture private banking business with SG Hambros Bank. Through DSB, DSBG also owns BCM bank and Pacific Finance (Hong Kong) Limited in 2005.
The Group has expanded rapidly in recent years, and DSFH had total assets of over HK$120 billion as at 31 December 2008. The Dah Sing Group has been a pioneer of the development of the consumer banking, SME lending and bancassurance sectors amongst the mid-size financial services groups in Hong Kong, and this culture of innovation and progress has been fundamental to the growth of the business.
The Group's main banking subsidiary, DSB, has been assigned long term rating of "A-" and "A3" by Fitch and Moody's respectively.
