SBV licensed CIMB Vietnam Bank Limited

Accordingly, SBV Governor allowed the establishment of wholly-owned foreign bank namely CIMB Bank Berhad in Vietnam (CIMB Bank (Vietnam) Limited); Business name: CIMB Vietnam Bank; Abbreviation: CIMB Vietnam; Headquarter address: 2th Floor, Cornerstone Building, 16 Phan Chu Trinh street, Phan Chu Trinh ward, Hoan Kiem District, Hanoi, Vietnam.

CIMB Vietnam Bank Limited’s charter capital is VND 3.203.200.000.000; the operational duration is 99 years.

CIMB Vietnam Bank is allowed to conduct commercial banking operation activities in line with the law and SBV’s regulations, including:

(i) Receiving non-term deposits, saving deposits and other deposits;

(ii) Granting credit under the following forms: lending, discount, rediscount negotiable tools and valuable Papers, banking guarantees, credit cards issuance, domestic factoring;

(iii) Account opening for customers;

(iv) providing internal payment services, including: supply means of payment; providing check payment services, payment orders, standing and encashment orders, credit letters, bank cards…;

(v) Account opening includes: account opening at the SBV; account opening at other credit institutions and branches of other foreign banks;

(vi) Internal payment and participation in national interbank system;

(vii) Cash management and financial banking advisory services; asset preservation, safe-deposit box for lease services;

(viii) Consulting on enterprise finance, mergers and acquisitions (M&A) and investment;

(ix) Participating in the bidding, purchasing and sales of Treasury bills, negotiable instruments, government bonds, SBV bills and other valuable papers in monetary market;

(x) The purchase and sale of government and enterprise bonds;

(xi) Currency brokerage services;

(xii) Issuing deposit certification, bonds, treasury bills and bonds to mobilize capital in accordance with the Credit Institutional Law, Vietnam Securities Law, the Government’s regulations and the SBV’s guidance;

(xiii) Borrowing from the SBV in line with the refinancing form under the provisions of the Law on the State Bank of Vietnam and the SBV’s guidance;

(xiv) Borrowing, lending, depositing, receiving capital from credit institutions, branches of foreign banks, domestic and foreign credit institutions in accordance with law and the SBV’s guidance;

(xv) Contributing capital and purchasing shares under the provisions of law and SBV’s guidance;

(xvi) Being trust, trustees agents in the fields related to banking activities in line with the law and SBV’s guidance;

(xvii) Sales and supply foreign exchange services on the domestic and international market in the frame work regulated by the SBV.

CIMB Vietnam Bank is required to comply with Vietnam’s law. The License came into force from August 31, 2016.

*On the same day, the SBV issued Document No.6536/NHNN-TTGSNH on granting the License of establishing CIMB Vietnam Bank Limited. Accordingly, the SBV Governor required CIMB Vietnam Bank Limited to be responsible for implementing the procedures relating to launching, ensuring operational launching conditions in line with provisions of Articles 23, 24, 25, 26 of Law on Credit Institutions.

Nguyen Giang