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August 15, 2003
Monetary Authority
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Public Bank Berhad gets banking licence
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The Monetary Authority has granted a banking licence to Public Bank Berhad under the Banking Ordinance with effect from August 15. 

 

PBB is a bank incorporated in Malaysia and has been authorised as a restricted licence bank in Hong Kong since August 1990. 

 

According to July issue of The Banker, PBB ranked second and third in Malaysia in terms of tier-one capital and total assets. 

 

Its respective world rankings were 176th and 334th.

 

With the grant of a banking licence to PBB, the number of licensed banks in Hong Kong has increased to 136 and the number of restricted licence banks has fallen to 41.

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