On September 14, 2021, the State Bank of Vietnam (SBV) issued Decision No. 1466/QD-NHNN supplementing an additional operation to the License for the Establishment and Operations of An Binh Commercial Joint Stock Bank (ABBank).
Accordingly, Paragraph 22 of Article 4 of the License for the Establishment and Operations of a commercial joint stock bank No. 120/GP-NHNN dated December 12, 2018 issued by the SBV Governor to ABBank is supplemented with an additional operation, to read as follow:
“22. Trading and supplying interest-rate derivative products in accordance with the provisions of law and the guidance of the SBV.”
ABBank is responsible for implementing the above operation permitted in this Decision in line with the provisions of law and the guidance of the SBV; implementing the procedures in line with Paragraph 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 issued by the SBV Governor regulating the issuance of licenses for the establishment and operations of commercial banks, foreign bank branches, representative offices of foreign credit institutions, other foreign institutions with banking operations in Vietnam (as amended and supplemented) in relevance to the above-supplemented substance.
This Decision took effect from the date of signing and is an integral part of the License for the Establishment and Operations No. 120/GP-NHNN.
LK