The Governor of the State Bank of Vietnam (SBV) issued Decision No. 1541/QĐ-NHNN on August 4 to extend the operational coverage of the license of the Military Joint- Stock Commercial Bank (MB).
Accordingly, the SBV Governor has approved the additional operations of “(i) bank guarantee; (ii) trustee and trustor of capital contribution and share purchasing; trustee and trustor of corporate bond purchasing” to Point 8 of License No. 0054/NH-GP dated September 14, 1994.
The MB is required to comply with Item 4 of Article 29 of the Law on Credit Institutions.
The Banking Supervision Agency (Banking Supervision Department in Hanoi) is responsible for monitoring the implementation of the MB.
This Decision took effect from the date of signing and is an integral part of License No. 0054/NH-GP dated September 14, 1994.
LH