Luso International Banking (Portuguese: Banco Luso Internacional) Is A Macau Commercial Bank Established In 1974. It Currently Has 18 Branches In Macau, Guangdong And Zhejiang.
History Luso International Banking Was Formerly Known As The Private "Kei Chon Money Exchange". On September 28, 1974, Li Wenguang, An Indonesian Banker And Chairperson Of Hong Kong Panin Group, Acquired Kei Chon Money Exchange And Reorganized It Into A Bank. In 1978, It Was Reorganized Into Luso International Banking Limited.
Luso International Banking Zhuhai Hengqin Cooperative Zone Branch
In 1985, The Bank Was Facing A Financial Crisis Due To A Run On The Bank. The Original Shareholder Hong Kong Panin Group Was Unable To Rescue It. It Was Later Resolved With The Financial Support Of Xiamen International Bank. Xiamen International Bank Acquired All The Shares Of Luso International Banking In The Same Year And Became A Wholly-owned Subsidiary Of The Bank. Luso International Banking Also Became The First Foreign Bank To Be Acquired In China.
In 2008, Due To The Financial Crisis And Online Rumors, There Was A Run On Luso International Banking.
In 2015, Luso International Banking Issued 1.33 Million New Shares. After The Completion Of The Issue, Luso International Banking's Total Share Capital Increased From 1.28 Million Shares To 2.61 Million Shares, And Xiamen International Bank's Stake In Luso International Banking Was Reduced From 100% To 49%, Making The Bank A Local Bank In Macau With Macau Capital As The Main Body.
