Established in 1933, Wing Lung Bank is one of the oldest local Chinese banks in Hong Kong. Wing Lung Bank provides a wide range of comprehensive banking services, including deposits, loans, wealth management, securities, credit cards, Internet banking, syndicated loans, corporate financing, bills, hire-purchase and leasing, and foreign exchange. In 1996 Wing Lung Bank set up a branch office in the Cayman Islands to provide off-shore banking services to its customers.
Wing Lung Bank Ltd. has Category B banking license number 96023 issued by the Cayman Islands Monetary Authority. This type of license allows Wing Lung Bank Ltd. to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Wing Lung Bank Ltd. failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Wing Lung Bank Ltd. failure its depositors will not be paid out any compensation.