The Governor of the State Bank of Vietnam (SBV) has issued Decision No. 2120/QĐ-NHNN on October 31 to extend the operational coverage of the license of the Tien Phong Joint – Stock Commercial Bank (TienPhongBank).
Accordingly, the SBV Governor has approved the additional operation of “trading and providing interest rate derivatives in line with laws and SBV guidance” to Point d of Item 2 of Article III of License No. 123/NH-GP dated May 5, 2008.
The Tien Phong Bank is responsible for implementing the procedures in accordance with Item 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 on granting licenses to commercial banks, foreign bank branches, the representative offices of foreign banks and other foreign institutions with banking operations in Vietnam (as revised by Circular No. 08/2015/TT-NHNN dated June 30, 2015).
This Decision took effect from the date of signing and is an integral part of License No. 123/NH-GP dated May 5, 2008.
Le Hang