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APRA authorises new foreign ADI

The Australian Prudential Regulation Authority (APRA) has announced it has authorised China Everbright Bank Co., Ltd as a foreign authorised deposit-taking institution (ADI) under the Banking Act 1959.
An updated list of all APRA-authorised ADIs can be found on the website at: https://www.apra.gov.au/register-authorised-deposit-taking-institutions.
 

The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, credit unions, building societies, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding $6 trillion in assets for Australian depositors, policyholders and superannuation fund members.

Media enquiries

For all media enquiries contact Ben McLean, APRA Media Unit, on 02 9210 3024

For all other enquiries phone 1300 558 849