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    APRA Licenses Societe Generale As Foreign Deposit-Taking Institution

    May 16, 2019

    APRA granted Societe Generale a license to operate as a foreign authorized deposit-taking institution under the Banking Act of 1959. On the APRA website, the register of authorized deposit-taking institutions lists APRA-regulated institutions, including Australian-owned banks, foreign subsidiary banks, branches of foreign banks, building societies, credit unions, restricted authorized deposit-taking institutions, other authorized deposit-taking institutions, and providers of purchased payment facilities.

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    Keywords: Asia Pacific, Australia, Banking, Banking Act, Societe Generale, Bank Licenses, APRA

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