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The Bank of China Building is a historical building in George Town within the Malaysian state of Penang.Completed in 1905, the office building, situated at Beach Street within the city's Central Business District (CBD), originally served as the offices of the Netherlands Trading Society (NTS).
In 1875, the Chartered Bank of India, Australia and China (now Standard Chartered) became the first international bank to set up a branch at Beach Street, and by extension, George Town. [1] [2] It was the bank's second branch in British Malaya, after the Singapore branch that had been established in 1859.
The George Town Central Business District (CBD) is the financial and political centre of the city of George Town, the capital of the Malaysian state of Penang.The financial district, which was first envisioned by the Penang Island City Council's Local Plan 2030, lies entirely within the city centre, and is home to much of the city's banking and financial services. [1]
The City Hall, Penang Fort Cornwallis in Penang Queen Victoria Diamond Jubilee Clocktower, in Georgetown The colonial Eastern & Oriental Hotel Beach Street, George Town, with banks. Pictured here is the Netherlands Trading Society Building, which currently houses the Bank of China The Chinese Khoo Kongsi clan hall and temple The "Blue Mansion ...
Beach Street is now home to several major banks, including Bank of China, OCBC and HSBC. Since its inception, the city centre of George Town has functioned as the financial hub of Penang . In the late 19th century, George Town emerged as the primary financial centre of British Malaya , attracting major international banks such as Standard ...
B. Bank of China (Canada) Bank of China (Hong Kong) Bank of China Building (Hong Kong) Bank of China Building (Penang) Bank of China Building, Macau
Standard Chartered Bank building in 2012, prior to the relocation of Standard Chartered's Penang branch. The Chartered Bank of India, Australia and China (known as Chartered Bank), a British bank established in 1853 was established in Penang in 1875. It is the oldest bank branch in Malaysia, [3] and was the leading bank in colonial Malaya, [4 ...
Yeap Chor Ee remained the only individual who single-handedly funded the establishment of a bank in that era. He also became one of the State's leading philanthropists. [1] Yeap died in 1952 at the age of 85. By then, he was known as "The Grand Old Man of Penang", praised for his "old-world courtesy, humility, generosity and integrity". [4]