The Governor of the State Bank of Vietnam (SBV) issued Decision No.1258/QD-NHNN dated June 30, 2016 on revising the License of Lien Viet Post Joint-Stock Commercial Bank (LienVietPostBank).
Accordingly, the SBV Governor approved the addition of operation of “debt purchasing service” to Article 2 Item 3 of License No.91/GP-NHNN dated March 28, 2008 for LienVietPostBank.
LienVietPostBank is responsible for conducting above-mentioned activity in line with applicable laws and SBV regulations; implementing legal procedures as stipulated in Item 3, Article 18 of Circular No.40/2011/TT-NHNN dated December 15, 2011, issued by the SBV Governor on the granting of license and organization, performance of commercial banks, branches of foreign banks, representative offices of foreign credit institutions and other foreign organizations with banking operations in Vietnam (revised and supplemented by Circular No.08/2015/TT-NHNN) to implement the above-mentioned content of revision. Concurrently, the Banking Supervision Agency (through Hanoi Banking Inspection and Supervision Department) is assigned to monitor LienVietPostBank to implement this Decision.
Decision No.1258/QD-NHNN takes effect from the date of signing and is an integral part of License No.91/GP-NHNN dated March 28, 2008 for LienVietPostBank.
Nguyen Giang