 | |
| Company type | |
|---|---|
| Predecessor | |
| Founded | 26 December 1998; 25 years ago (1998-12-26) |
| Defunct | 25 February 2002; 22 years ago (2002-02-25) |
| Fate | Merged with Oversea-Chinese Banking Corporation |
| Headquarters | Singapore |
| Key people | Benedict Kwek (CEO) |
| Services | Financial services |
| Revenue |  SG$469.456 million (1999) |
| Operating income | SG$312.873 million (1999) |
| Net income |  SG$186.703 million (1999) |
| Total assets | SG$22,406.634 million (1999) |
| Parent | Keppel Capital Holdings Ltd (since 2001) |
Keppel TatLee Bank (Chinese: 吉宝达利银行; pinyin: Jíbǎo Dálì Yínháng) was a Singapore-based financial services organisation formed through a merger of Keppel Bank and Tat Lee Bank on 26 December 1998. It was acquired by Oversea-Chinese Banking Corporation (OCBC) in August 2001 and was integrated into OCBC Bank in 2002.
History
The bank was formed on 26 December 1998 when Keppel Bank acquired another Singapore financial institution, Tat Lee Bank. Keppel Bank was formed in 1990, when Keppel Corporation acquired the Asia Commercial Bank.
The bank formed a strategic alliance with Allied Irish Banks in 1999, which allowed AIB to take up a 24.9% stake in the bank. In 2001, the bank was privatised and became a subsidiary of Keppel Capital Holdings Ltd (KCH), as part of a restructure of KCH. Its parent company was then acquired by OCBC, operationally and legally integrated with it in 2002.
References
- ^ Keppel TatLee Bank - Press Release
- ^ "Keppel moves to privatise its finance company". Keppel Corporation. 21 March 2001. Retrieved 7 October 2019.
Keppel Capital Holdings Ltd (KCH) and Keppel TatLee Finance Limited (KTF) have proposed a scheme of arrangement (the Scheme) to privatise KTF as a wholly owned subsidiary of KCH.
- ^ Tan, Chwee Huat (2002). Singapore Financial & Business Sourcebook. Singapore: Singapore University Press. p. 572. ISBN 9789971692568.
- ^ "Keppel TatLee Bank Reports Record Profit". Keppel Corporation. 14 February 2000. Retrieved 7 October 2019.
- ^ "OCBC BANK AND KEPPEL TATLEE BANK ARE LEGALLY AND OPERATIONALLY ONE" (PDF) (Press release). Singapore: OCBC Bank. 2002-02-25. Retrieved 2013-03-05.
- "Keppel, Tat Lee cut rates by 1/2 -pt". The Business Times. 23 November 1998. p. 17. Retrieved 7 February 2024 – via NewspaperSG.
- "AIB enters Strategic Alliance with Keppel TatLee Bank". Business Wire. June 2, 1999.