A Schedule I Bank with a particular focus on the various needs of the Chinese Canadian community has been recently inaugurated in Vancouver and the Greater Toronto Area.
Launched by Chinese Canadian entrepreneurs, Wealth One Bank of Canada aims to become the preferred bank among Chinese Canadians, according to the institution’s September 7 press release via CNW Group.
The bank will be providing a diverse range of financial products through online, phone, or in-person transactions, including residential and commercial mortgages as well as personal and business deposits.
“At the heart of this bank is a team with a deep knowledge and respect for Chinese values and culture, and frontline financial services managers who are fluent in Chinese and English,” Wealth One President and CEO Charles Lambert stated.
“With the tremendous growth we've seen in the Chinese Canadian community, the opening of Wealth One presents a significant opportunity and a historic moment for our community,” according to founding shareholder Shenglin Xian.
The bank is looking to expand across the country in the succeeding years, officials added.
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