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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority announced today (April 15) that the Monetary Authority has granted a banking licence to LGT Bank in Liechtenstein AG (LGTB) under the Banking Ordinance. The granting of this banking licence took effect on April 14, 2011.
LGT Bank in Liechtenstein AG is also known as:
LGT Bank in Liechtenstein Ltd.
LGT Banque de Liechtenstein S.A.
LGT Banca di Liechtenstein S.A.
LGTB is incorporated in the Liechtenstein. According to the July 2010 issue of The Banker, LGTB is the largest bank in Liechtenstein in terms of Tier-1 capital.
After the granting of a banking licence to LGTB, the number of licensed banks in Hong Kong has increased to 148.
Ends/Friday, April 15, 2011
Issued at HKT 16:34
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