Company Overview of Shanghai Commercial Bank Ltd.
Shanghai Commercial Bank Limited, together with its subsidiaries, provides banking and related financial services primarily in Hong Kong, Mainland China, Europe, and the United States. The company offers various deposit services, such as current savings, checking, fixed deposit, call deposit, and student/children savings accounts, as well as payment services, currency exchange, safe deposit boxes, and ATM services; and RMB services, including deposits, cheques, exchange, remittance, and credit cards to individual and corporate clients. It also provides mortgages and loans, such as housing mortgages, government housing schemes, reverse mortgage, personal tax loans, and shares overdraft facili...
15 Queen’s Road
Founded in 1950
Key Executives for Shanghai Commercial Bank Ltd.
Chief Financial Controller
Chief of Information Technology & Operations
Chief of Investment & Product Development
Chief of General Administration
Compensation as of Fiscal Year 2013.
Shanghai Commercial Bank Ltd. Key Developments
Shanghai Commercial Bank Reports Earnings Results for the Six Months Ended June 30, 2013
Oct 7 13
Shanghai Commercial Bank reported earnings results for the six months ended June 30, 2013. For the period, the company reported profit attributable to the equity holders of the bank of HKD 886.86 million, compared to HKD 819.41 million for the same period ended June 30, 2012. Net interest income was HKD 1.07 billion, compared to HKD 945.43 million for the same period ended June 30, 2012. Operating profit was HKD 1.1 billion, compared to HKD 1.01 billion for the same period ended June 30, 2012. Profit before income tax was HKD 1.11 billion, compared to HKD 1.03 billion for the same period ended June 30, 2012.
Taipei Government Fines TWD 700,000 to Shanghai Commercial Bank for Firing Labor Union Member
Jan 4 12
Shanghai Commercial Bank Ltd. (SCB) was fined TWD 700,000 (USD 23,113) by the Taipei City Government's Department of Labor (DOL) on January 4, 2012 for firing an SCB labor union member. The employee, surnamed Chen, was fired on grounds that he failed to show up at an SCB branch to which he had been transferred. But the DOL said its investigation of the matter had found that the Chen's transfer was a form of victimization because of his role in the establishment of the labor union. The DOL initially fined the bank TWD 300,000 in Nov. 2010 after the transfer order was issued, noting that it had come close on the heels of the union's establishment. Chen was in hospital for cancer treatment at the time when the transfer order was given. After his discharge from hospital on July 1, 2011, Chen returned to work at his original post but the SCB insisted that he report to the Hua Chiang branch. Chen was fired in August that year after he failed to comply with the order. The DOL subsequently fined SCB TWD 700,000 for violation of the Employment Services Law and urged the bank to reverse its decision to dismiss Chen. Chen was instrumental in setting up the labor union at the bank's Credit Information Processing Center in Taipei in Jan. 2010 and was named the union's standing director.
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