MEVAS Bank
{{#invoke:Infobox|infobox}}Template:Template otherTemplate:Main other{{#invoke:Check for clobbered parameters|check|nested=1|template=Infobox company|cat=Template:Main other|name; company_name|logo; company_logo|logo_alt; alt|trade_name; trading_name|former_names; former_name|type; company_type|predecessors; predecessor|successors; successor|foundation; founded|founders; founder|defunct; dissolved|hq_location; location|hq_location_city; location_city|hq_location_country; location_country|num_locations; locations|areas_served; area_served|net_income; profit|net_income_year; profit_year|owners; owner |homepage; website }}{{#invoke:Check for unknown parameters|check|unknown=Template:Main other|preview=Page using Template:Infobox company with unknown parameter "_VALUE_" | ignoreblank=y | alt | area_served | areas_served | assets | assets_year | aum | brands | company_logo | company_name | company_type | defunct | dissolved | divisions | embed | equity | equity_year | fate | footnotes | headquarters | former_name | former_names | foundation | founded | founder | founders | genre | homepage | hq_location | hq_location_city | hq_location_country | incorporated | image | image_alt | image_caption | image_size | image_upright | income_year | industry | ISIN | key_people | location | location_city | location_country | locations | logo | logo_alt | logo_caption | logo_class | logo_size | logo_upright | members | members_year | module | name | native_name | native_name_lang | net_income | net_income_year | num_employees | num_employees_year | num_locations | num_locations_year | operating_income | owner | owners | parent | predecessor | predecessors | production | production_year | products | profit | profit_year | rating | ratio | revenue | revenue_year | romanized_name | services | subsid | subsidiaries | successor | successors | traded_as | trade_name | trading_name | type | website| qid | fetchwikidata | suppressfields | noicon | nocat | demo | categories }} MEVAS Bank (Template:Zh) was a bank based in Hong Kong. It was established in April 2001 with a total investment of ¥300 million (US$Template:To USD).<ref name="呂雪玲2010-09-20">Template:Cite news</ref> Within the first two weeks of its opening, over a thousand people signed up for their banking services. The bank marketed itself as being Hong Kong's first virtual bank and publicised that customers could use it to do 24-hour online banking. MEVAS Bank's targeted clientele was young professionals.<ref name="呂雪玲2010-09-20"/>
In 2002, after Hong Kong's legalisation of football gambling, MEVAS Bank partnered with the English football club Arsenal F.C. to create a credit card, Arsenal's first credit card not issue in the UK.<ref name="Oriental2002-11-30">Template:Cite news</ref><ref name="李八方2002-11-28">Template:Cite news</ref> Between June 2002 and January 2003, the company had a loss of ¥$16.6Template:Nbspmillion (US$Template:To USD) at the beginning of 2003 had 80Template:Nbspemployees.<ref name="Apple2003-01-06">Template:Cite news</ref> In May 2003, the bank increased its fee for bank accounts with low balances, which affected 20% of its customer base, or 20,000 people in total. According to Chen Zhiming, a CLSA analyst, although MEVAS Bank's low balance account fee would have little effects on its revenue, it would reduce the number of customers who had low balances and were making MEVAS lose money.<ref name="Apple2003-04-03">Template:Cite news</ref> In 2003, MEVAS Bank issued its first pet store credit card, and by May of that year, the bank's customers had signed up for over 80,000 of its different types of credit cards.<ref name="Applle2003-05-03">Template:Cite news</ref> In November 2003, the bank launched the PreciousMoments credit card, which had minimum income requirement of HKD$60,000 (US$Template:To USD).<ref name="Apple2003-11-22">Template:Cite news</ref> In 2005, MEVAS Bank had at 0.75% the highest deposit interest rate among small- and medium-sized banks.<ref name="张明2005-02-04">Template:Cite news</ref>
It was a wholly owned subsidiary of Dah Sing Financial Holdings Limited.<ref name="呂雪玲2010-09-20"/><ref name="HKEJ2017-12-01">Template:Cite news</ref> It was known as D.A.H. Private Bank Limited (Template:Zh) EX-Wing On Bank<ref name="MP2019-03-11">Template:Cite news</ref> until 2 March 2001 when it was renamed "MEVAS Bank". In September 2010, Dah Sing Bank acquired the minority interests in D.A.H. Private Bank Limited (DAHP). It then transferred the private banking business, including loans and deposits, of DAHP to Dah Sing Bank.<ref name="呂雪玲2010-09-20"/> MEVAS Bank had five branches located in Central, Queen's Road Central, Wan Chai, Mong Kok, and Tuen Mun.<ref name="呂雪玲2010-09-20"/> Four of those branches were renamed to the Dah Sing brand,<ref name="Apple2010-10-30">Template:Cite news</ref> while the Central branch kept its branding.<ref name="呂雪玲2010-09-20"/> It had over 100,000 customers in 2010.<ref name="呂雪玲2010-09-20"/>
MEVAS Bank was no longer in business from 2012 and removed as licensed bank in Hong Kong Monetary Authority register but was bought by Dah Sing Financial Holdings Limited on January 13, 2013.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>