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APRA grants new foreign ADI licence to NongHyup Bank

Monday 15 August 2022

The Australian Prudential Regulation Authority (APRA) has granted NongHyup Bank a licence to operate as a foreign authorised deposit-taking institution (Foreign-ADI) under the Banking Act 1959. 

An updated list of all APRA-authorised ADIs can be found on the APRA website at: Register of authorised deposit-taking institutions.

Media enquiries

Contact APRA Media Unit, on +61 2 9210 3636

All other enquiries

For more information contact APRA on 1300 558 849.

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 $7.9 trillion in assets for Australian depositors, policyholders and superannuation fund members.