HSBC is continuing its streamlining efforts of its local bank with the voluntary winding up of Bank of Bermuda International Limited.

The planned wind-up was published in the official gazette following a December 16 decision by its members that the company be voluntarily wound up.

A spokesperson said that Bank of Bermuda International Ltd. was "a dormant company".

He said: "It had no assets or liabilities and as part of our efforts in streamlining the entire structure of the bank, it seemed sensible to wrap it up. There are no implications since it was dormant."

Queen's Counsel Bruce D. Wooley has been appointed liquidator for the purposes of the winding -up. Any creditors are required to send their full particulars of their debts or claims to the bank before January 5, 2005. The final general meeting of the members of the company will be held on January 27, 2005.