The State Bank of Vietnam (SBV) issued Decisions No.881/QĐ-NHNN dated May 5, 2017 on revising the License of Chu Lai branch of Cathay United Bank.
Accordingly, the SBV Governor has approved the revision of main substances including (i) To add new service to the Article III of License No.08/GP-NHNN dated June 29, 2005 for the Cathay United Bank – Chu Lai branch as follows: “providing the foreign exchange business and services in the domestic and international market in line with the SBV’s regulations"; To abolish Item 2 Article III of License No.08/GP-NHNN dated June 29, 2005 for the Cathay United Bank – Chu Lai branch.
Cathay United Bank – Chu Lai branch is responsible for: Implementing the substance written in this Decision in accordance with laws on foreign exchange and relevant regulations; Accomplishing procedures stipulated in Item 3, Article 18b of Circular No.40/2011/TT-NHNN dated December 15, 2011 issued by SBV Governor on granting license and organization, performance of commercial banks, branches of foreign banks, representative offices of foreign credit institutions and other foreign organizations having banking operations in Vietnam (revised and supplemented by Circular No 08/2015/TT-NHNN) to implement the mentioned above contents of revision.
This Decision took effect from the date of signing and is an integral part of No.08/GP-NHNN dated June 29, 2005 for the Cathay United Bank – Chu Lai branch.
Thoa Le