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16-Oct-2012

Austrian bank granted licence

 The Monetary Authority has granted a banking licence to Raiffeisen Bank International AG. 

 The bank is incorporated in Austria. According to the July issue of The Banker, it is the third largest bank in Austria in terms of Tier 1 capital.
 
The move brings the number of licensed banks in Hong Kong to 155.

 

http://www.news.gov.hk