OTB

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OTB

Overseas Trust Bank. A bank in Hong Kong that was, at one time, one of the largest in the country. In 1985, it suddenly collapsed due to bad debt, much of which was caused by criminal misdealing among its senior management. The day following the announcement, the Hong Kong government nationalized OTB. It has since been sold a number of times.

References in periodicals archive ?

Oman Overseas Trust Bank became Bank of Muscat; Al Bank Al Ahli Al Omani merged with Bank of Muscat to become Bank Muscat Al Ahli Al Omani.

The bank story

a leading manufacturer of point-of-sale (POS) products and networking systems, today announced that their terminal, networking and system software has been installed for the Hutchison Whampoa and Overseas Trust Bank (OTB) smart card loyalty project in Hong Kong following the successful completion of a pilot on October 12, 1995.

Hypercom puts smart cards to use; T7GE Terminals, S7SC smart card PIN pads and new Token Tracking System software provide solution for Hong Kong