040817en03003

	news.gov.hk
	From Hong Kong's Information Services Department

August 17, 2004

Monetary

Hypo granted restricted banking licence

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.