The Governor of the State Bank of Vietnam (SBV) issued Document No.8705/NHNN-TTGSNH on November 14, 2016 to enable the Orient Joint Stock Commercial Bank (OCB) to establish a number of new transaction offices.
Accordingly, OCB was allowed to open nine transaction offices, specifically: Ba Dinh Transaction Office (under Thanh Hoa Branch), Dam Doi Transaction Office (under Ca Mau Branch), Hoi An Transaction Office (under Quang Nam Branch), Le Chan Transaction Office (under Hai Phong Branch), Phuoc Long Transaction Office (under Khanh Hoa Branch), Quynh Luu Transaction Office (under Nghe An Branch), Uong Bi Transaction Office (under Quang Ninh Branch), Rach Soi Transaction Office and Phu Quoc Transaction Office (under Kien Giang Branch).
The SBV requires the OCB to apply procedures for launching, registering and publishing the approved transaction offices in line with regulations of Circular No.21/2013/TT-NHNN, dated 9th September 2013, issued by the SBV Governor on Commercial Bank networks and the relevant regulations. The OCB is responsible for launching its new transaction offices within 12 months from the date of signing. After this deadline, the approved documents of the SBV will cease to be in effect.
Giang Nguyen