Granting of banking licence to Macquarie Bank Limited

Press Releases

24 Aug 2011

Granting of banking licence to Macquarie Bank Limited

The Hong Kong Monetary Authority announced today (Wednesday) that the Monetary Authority has granted a banking licence to Macquarie Bank Limited (MBL) under the Banking Ordinance. The granting of this banking licence took effect on 24 August 2011.

MBL is incorporated in Australia. It is a wholly-owned banking subsidiary of Macquarie Group Limited (MGL). According to the July 2010 issue of The Banker, MGL is the 6th largest banking group in Australia in terms of Tier-1 capital.

After the granting of a banking licence to MBL, the number of licensed banks in Hong Kong has increased to 149.

Hong Kong Monetary Authority
24 August 2011

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Last revision date : 26 August 2011