Regulatory Alerts2017-10-16 | DOF 5501316Added
Letter authorizing the organization and operation of Banco KEB Hana Mexico, S.A., Multiple Banking Institution Subsidiary
The National Banking and Securities Commission authorizes the organization and operation of Banco KEB Hana Mexico, S.A., a Multiple Banking Institution Subsidiary, with KEB Hana Bank as the foreign financial entity and Il Woo as a minority shareholder. The authorization is conditional upon obtaining approval for the start of operations within the legal timeframe, proving compliance with Article 46 Bis requirements, and making a pre-operation capital contribution of $35,000,000.00 MXN. The entity must submit its public deed and bylaws for approval within 90 days of notification and publish the authorization in the Official Gazette and two widely circulated newspapers.