On February 14, 2022, the State Bank of Vietnam (SBV) issued Decision No.147/QD-NHNN revising the License of Woori Bank Vietnam Limited.
Accordingly, the SBV Governor has approved of the supplementation of Paragraph 17 to Article 4 of License No.71/GP-NHNN dated October 31, 2016 issued by the SBV Governor to Woori Bank Vietnam Limited, to read as follows:
“17. Trading, providing the following interest rate derivatives:
- Single Currency Interest Rate Swap;
- Cross Currency Interest Rate Swap.”
Woori Bank Vietnam Limited is responsible for implementing the procedures in line with Paragraph 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 on granting licenses to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as amended and supplemented).
This Decision took effect from the date of signing and is an integral part of License No.71/GP-NHNN dated October 31, 2016 issued by the SBV Governor to Woori Bank Vietnam Limited.
Le Hang