The State Bank of Vietnam (SBV) issued Decision No.2114/QĐ-NHNN dated October 28, 2016 to adjust the operational duration of Ho Chi Minh City (HCMC) branch of the Oversea - Chinese Banking Corporation LTD.
Accordingly, the SBV Governor has approved the adjustment of the operational duration as written in Article II of License No.27/NH-GP dated October 31, 1996 for the HCMC branch of KEPPEL BANK OF SINGAPORE LIMITED - VUNG TAU BRANCH (which is currently known as the Oversea-Chinese Banking Corporation LTD – HCM branch) as follows: “The operational duration of Oversea-Chinese Banking Corporation LTD – HCM branch is 99 years, starting from October 31, 1996”.
Oversea-Chinese Banking Corporation LTD – HCM branch is responsible for registering the change with the relevant authorities and publicizing it in line with Item 4 of Article 29 of the Law on Credit Institutions. Decision No.2114/QD-NHNN took effect on October 31, 2016 and is an integral part of License 27/NH-GP, dated October 31, 1996.
Giang Nguyen