The Hong Kong Monetary Authority announced today (Wednesday) that the Monetary Authority has granted a banking licence to BSI Ltd (BSI) under the Banking Ordinance. The granting of this banking licence took effect on 7 December 2011.
BSI is incorporated in Switzerland. According to the July 2011 issue of The Banker, BSI is the 9th largest bank in Switzerland in terms of Tier-1 capital.
After the granting of a banking licence to BSI, the number of licensed banks in Hong Kong has increased to 152.
Hong Kong Monetary Authority
7 December 2011