Reuters logo
SINGAPORE PRESS-EFG Bank gets wholesale banking licence in Singapore - Straits Times
March 26, 2014 / 12:50 AM / 3 years ago

SINGAPORE PRESS-EFG Bank gets wholesale banking licence in Singapore - Straits Times

Private bank EFG has obtained a wholesale banking licence in Singapore, allowing it to offer a range of Singapore dollar deposits for its wealthy customers, the Straits Times daily reported.

With the new licence, EFG has been operating as a wholesale bank in Singapore since March 3.

The bank had assets under management for clients worth about 14.9 billion Swiss francs ($16.81 billion) as at December last year, for EFG Bank in Asia.

NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 0.8862 Swiss Francs) (Compiled by Singapore Newsroom; Editing by Anupama Dwivedi)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below