The State Bank of Vietnam (SBV) issued Decision No. 158/QĐ-NHNN dated January 25, 2017 to adjust the operational duration of the Indovina Bank Ltd. (IVB).
Accordingly, the SBV Governor has approved the adjustment of the operational duration as written in Article IV of License No.08/NH-GP dated October 29, 1992 for Indovina as follows: “The operational duration of Indovina is 99 years, starting from October 29, 1992”.
Indovina 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. 158/QD-NHNN took effect on the date of signing and is an integral part of License No.08/NH-GP dated October 29, 1992 for Indovina. Concurrently, this Decision is to replace the Decision No. 1525/QĐ-NHNN dated June 24, 2009 signed by the Governor to adjust the operational duration of Indovina.
Giang Nguyen