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Important Events 1950-1989

2016-05-24

June 1950 Nam Tung Bank (the predecessor of Bank of China Macau Branch) was established, its first office was located at No. 100 Avenida de Almeida Ribeiro.
1951 First relocation of the office to No. 1J and No.KK Avenida de Almeida Ribeiro.
1961 Second relocation of the office to No. 1-L Avenida de Almeida Ribeiro.
1974 Incorporated as a limited company and was granted the banking license. Moved its office to No. 1 Avenida de Almeida Ribeiro in the same year.
September 1979 Established Nam Tung (Macao) Investment Ltd and started diverse business development.
October 1982 Formed the clearing center with other Chinese-owned banks to centralize the clearing process for member banks. It was the prototype of the Macau Clearing House. After the Macau Clearing House was established, Bank of China Macau Branch was authorized to be the clearing house for Hong Kong Dollar checks.
Beginning of 1983 Became a member of the Bank of China Group and under the leadership of the Bank of China Hong Kong and Macau Regional Office.
August 1985 Opened a branch in Zhuhai which is registered now in the name of “Zhuhai Nam Tung Bank”.
New Year Day of 1987 Nam Tung Bank Ltd formally named “Bank of China Macau Branch”.
December 1988 The Chinese and Portuguese government started the talk regarding the listing of Macau Patacas in the currency market in the Mainland. Bank of China Macau Branch actively contacted and communicated with the monetary authority in the Mainland and facilitated the negotiation. It was on February 1, 1989 that MOP started to be listed in the Mainland.

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