SBV re-issues License for the Establishment and Operations of OceanBank

Accordingly, the SBV has re-issued the new License to replace License No. 0048/NH-GP dated December 30, 1993 issued to Hai Hung Rural Commercial Joint Stock Bank, to read as follows:

Bank’s name: Fullname in English: Ocean Commercial One Member Limited Liability Bank; Abbreviate name: OceanBank; Headquarters’ address: No. 199, Nguyen Luong Bang Street, Tan Binh Ward, Hai Duong City, Hai Duong Province, Vietnam.

The charter capital of OceanBank is: VND 4,000,059,560,000 (Four thousand billion, fifty-nine million, five hundred sixty thousand Vietnamese Dongs); and the duration of operation is 99 years, starting from December 31, 1993.

OceanBank is allowed to carry out the operations of a commercial bank in accordance with the provisions of law and the SBV’s guidance, specifically as follows:

(i) Receiving demand deposits, time deposits, saving deposits and other types of deposits;

(ii) Providing credit in the following forms: Lending, discounting, re-discounting of negotiable instruments and other valuable papers, bank guarantees, issuance of credit cards, domestic factoring;

(iii) Opening payment accounts for its customers;

(iv) Providing domestic payment services: Providing payment means; Performing payment services in forms of checks, credit transfers, payment orders, collections of payment, collection orders, letters of credit, bank cards, collection and payment services;

(v) Opening accounts: Opening accounts at the SBV, opening accounts at other credit institutions and foreign bank branches;

(vi) Organizing internal payment, participating in the national interbank payment system;

(vii) Cash management services, banking and financial consultancy; services of asset management and preservation, rental of locker cabinets, safes;

(viii) Corporate finance consultancy, providing consultancy on buying, selling, consolidation, merging, and investment consultancy.

(ix) Participating in bidding, buying and selling of the Treasury bills, negotiable instruments, the Government bonds, the SBV bills and other valuable papers on the money market;

(x) Buying and selling the government bonds and corporate bonds;

(xi) Currency brokerage services;

(xii) Issuing certificates of deposit, promissory notes, bills, and bonds to raise capital in accordance with the Law on Credit Institutions, the Law on Securities, the Government's regulations and the guidance of the SBV;

(xiii) Borrowing capital from the SBV in the form of refinancing in accordance with the provisions of the Law on the State Bank of Vietnam and the guidance of the SBV;

(xiv) Borrowing, lending, depositing, receiving deposit capital of credit institutions, foreign bank branches, domestic and foreign financial institutions in accordance with the provisions of law and the guidance of the SBV;

(xv) Contributing capital, purchasing shares in accordance with the law and the guidance of the SBV;

(xvi) Entrusting and receiving entrustments;

(xvii) Acting as an insurance agency;

(xviii) Trading and providing foreign exchange services in the domestic market and in the international market within the scopes prescribed by the SBV;

(xix) Purchasing gold bars.

During its operations, OceanBank has to comply with the applicable laws of Vietnam.

This License took effect from the date of signing and shall replace License No. 0048/NH-GP dated December 30, 1993, as well as other former Documents amending and supplementing License No. 0048/NH-GP dated December 30, 1993, including:

Decision No. 257/QD-NH5 dated December 30, 1993 of the SBV Governor on the issuance of the License for the Operations of Hai Hung Rural Commercial Joint Stock Bank, Hai Hung Province;

Decision No. 104/QD-NHNN dated January 09, 2007 of the SBV Governor allowing Hai Hung Rural Commercial Joint Stock Bank to change its operational model and name;

Decision No. 2163/QD-NHNN dated September 27, 2013 of the SBV Governor supplementing the operational duration substance (The duration of operation is 99 years, starting from December 30, 1993);

Decision No. 1527/QD-NHNN dated August 04, 2014 of the SBV Governor amending and supplementing the charter capital substance in the License of the Ocean Commercial Joint Stock Bank (The charter capital: VND 4,000,059,560,000 (In words: Four thousand billion, fifty-nine million, five hundred sixty thousand Vietnamese Dongs));

Decision No. 664/QD-NHNN dated May 06, 2015 of the SBV Governor on the supplementation of new operations to the License for the Operations of the Ocean Commercial Joint Stock Bank;

Decision No. 1934/QD-NHNN dated September 25, 2015 of the SBV Governor on the supplementation of new operations, i.e. Buying, selling Government bonds, corporate bonds, to the License of the Ocean Commercial Joint Stock Bank;

Decision No. 2120/QD-NHNN dated December 30, 2021 of the SBV Governor on the supplementation of a new operation, i.e. Entrusting and receiving entrustments, to the License of the Ocean Commercial Joint Stock Bank.

LK