| |
Difino
| • | The Mercantile Bank of India, London and China was established in October 1853 in Bombay (now Mumbai). In November 1854 this Anglo-Indian bank opened an office in Shanghai and in 1857 it established a presence in Hong Kong. By 1860 its total assets reached the amount of 21.7 million USD, a medium-sized bank by the standards of that time. (For comparison, one of the leading Anglo-Indian banks, the Oriental Banking Corporation was about three times larger in terms of total assets.)During the Second World War, the Mercantile Bank had to close down several offices in the Far East, but it managed to re-open its offices after the war. The Hong Kong office re-opened in February 1946, the Shanghai office in 1945 (but this office closed again in 1952 due to the Communist Party rule). In 1952, total assets of the bank totaled 205.5 million USD.The Mercantile Bank was acquired in 1959 by HSBC.
Companies of India
Source: [wikipedia: mercantile bank of india, london and china]
|
alebrije.info
:
alebrijes
:
sites
:
advertising
:
link to us
:
contact
|
|