Granting of banking licence to
Abbey National Treasury Services plc
The Hong Kong Monetary Authority announced today (3 October 2000) that the Monetary Authority has granted a banking licence to Abbey National Treasury Services plc (ANTS) under the Banking Ordinance. This grant of banking licence took effect on 29 September 2000.
ANTS is a wholly owned subsidiary of Abbey National plc which is the 4th largest banking group in the United Kingdom and ranks within the top 50 of the world’s banks in terms of assets.
ANTS has operated as a representative office in Hong Kong since 1996. The principal activities of the Hong Kong Branch of ANTS include investments in HK$ debt securities, provision of syndicated and corporate lending, and issuing of FRCDs and bonds.
With the granting of a banking licence to ANTS, the number of licensed banks in Hong Kong has increased to 155.
For further enquiries, please contact:
Thomas Chan, Senior Manager (Press), at 2878 1480 or
Jasmin Fung, Manager (Press), at 2878 8246
Hong Kong Monetary Authority
3 October 2000
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