Bank of China received permission to open a branch in Brunei in April 2016. Citibank, which entered in 1972, closed its operations in Brunei in 2014. HSBC, which had entered in 1947, closed its operation in Brunei in November 2017. May Bank of Malaysia, RHB Bank of Malaysia, Standard Chartered Bank of United Kingdom, United Overseas Bank of Singapore and Bank of China are currently operating in Brunei.