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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority announced today (June 19) that the Monetary Authority has registered KEB Asia Finance Limited (KAFL) as a deposit-taking company under the Banking Ordinance. The registration took effect on June 19, 2009.
KAFL is incorporated in Hong Kong. It is a wholly-owned subsidiary of Korea Exchange Bank. Korea Exchange Bank is the 7th largest bank in South Korea and it has a branch in Hong Kong.
After the granting of a deposit-taking company registration to KAFL, the number of deposit-taking companies in Hong Kong has increased to 28.
For further enquiries, please contact:
Thomas Chan, Communications Chief, at 2878 1480 or
Peggy Lo, Manager (Communications), at 2878 1687
Ends/Friday, June 19, 2009
Issued at HKT 16:31
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