Shanghai Commercial Bank had total assets of HK$198 billion at the end of 2018. Photo: ShutterstockShanghai Commercial Bank had total assets of HK$198 billion at the end of 2018. Photo: Shutterstock
Shanghai Commercial Bank had total assets of HK$198 billion at the end of 2018. Photo: Shutterstock

Shanghai Commercial Bank’s 2018 profit up 17 per cent on higher interest income, forfeited Hong Kong Life deposit

  • The privately held bank said it received an “extraordinary contribution” from the failed sale of Hong Kong Life Insurance
  • A consortium forfeited a HK$710 million deposit to the insurer’s owners, including Shanghai Commercial Bank

Topic |   Banking & Finance
Shanghai Commercial Bank had total assets of HK$198 billion at the end of 2018. Photo: ShutterstockShanghai Commercial Bank had total assets of HK$198 billion at the end of 2018. Photo: Shutterstock
Shanghai Commercial Bank had total assets of HK$198 billion at the end of 2018. Photo: Shutterstock
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