Granting of banking licence to Industrial Bank of Taiwan Co., Ltd.

Press Releases

17 Jul 2008

Granting of banking licence to Industrial Bank of Taiwan Co., Ltd.

The Hong Kong Monetary Authority announced today (Thursday) that the Monetary Authority has granted a banking licence to Industrial Bank of Taiwan Co., Ltd. (IBT) under the Banking Ordinance. The granting of this banking licence took effect on 16 July 2008.

IBT is incorporated in Taiwan. According to the July 2007 issue of The Banker, IBT is the 16th largest bank in Taiwan and the 483rd largest bank in the world in terms of tier one capital.

After the granting of a banking licence to IBT, the number of licensed banks in Hong Kong has increased to 145.

For further enquiries, please contact:
Hing-fung Wong, Manager (Press), at 2878 1802 or
Lilian Goh, Officer (Press), at 2878 8246

Hong Kong Monetary Authority
17 July 2008

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Last revision date : 17 July 2008