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August 17, 2004
Monetary
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Hypo granted restricted banking licence
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Monetary Authority logo

The Hong Kong Monetary Authority has granted a restricted banking licence to Hypo Real Estate Bank International, effective August 16.

 

Incorporated in Ireland, Hypo has maintained a local representative office in Hong Kong since March.

 

After the granting of a restricted banking licence to Hypo, the number of restricted licence banks in Hong Kong has increased to 42.

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