Bank of China Budapest office closes
Monday, May 23, 2005, 00:00
The State Financial Institutions Supervision (PSzÁF) has deleted the Budapest representation office of Bank of China from its registry, PSZáF announced.
The decision was made upon Bank of China representation office?s request. The decision says that PSzÁF deletes the representation office from the registry of Hungarian representation offices of foreign financial institutions. After receiving the decision, the representation office can not pursue bank representation activities. The decision does not affect the activity of Bank of China Hungária Bank Rt.