On February 21, 2023, the State Bank of Vietnam (SBV) issued Document No. 930/NHNN-TTGSNH allowing Saigon-Hanoi Commercial Joint Stock Bank (SHB) to establish additional branches.
Accordingly, SHB is allowed to establish five (05) additional branches, specifically as follows: Saigon-Hanoi Commercial Joint Stock Bank - Bac Giang Branch in Bac Giang province; Saigon-Hanoi Commercial Joint Stock Bank - Phu Tho Branch in Phu Tho province; Saigon-Hanoi Commercial Joint Stock Bank - Quang Binh Branch in Dong Hoi city, Quang Binh province; Saigon-Hanoi Commercial Joint Stock Bank - Quang Tri Branch in Dong Ha city, Quang Tri province; Saigon-Hanoi Commercial Joint Stock Bank - Ben Tre Branch in Ben Tre province.
Also in the Document, SHB is requested to take responsibility for implementing the procedures to inaugurate, register and publicize the newly established branches in line with Circular No.21/2013/TT-NHNN dated September 9, 2013 on the operational networks of the commercial banks (as amended and supplemented), and the other applicable legal texts.
The Document will cease to be valid if SHB does not inaugurate the above-mentioned branches within 12 months from the date of its signing.
Le Hang