Govt grants new banking licence

2018-05-08 07:53
BY admin
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The government announced yesterday that it has granted a banking licence to Xinghui Bank Limited.

The announcement was published in the Official Gazette (BO) in the form of an executive order dated April 25 and signed by Chief Executive Fernando Chui Sai On.

According to the executive order, the bank’s minimum share capital amounts to 100 million patacas.

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