The Governor of the State Bank of Vietnam (SBV) issued Decision No.887/QĐ-NHNN on May 8, 2017 to allow Vietnam – Russia Bank to provide additional services.
Accordingly, the SBV Governor allows Vietnam – Russia Bank to provide “debt purchase" and add new service to Item 5 of License No.11/GP-NHNN dated October 30, 2006 of the Vietnam – Russia Bank granted by the SBV Governor.
Vietnam – Russia Bank is responsible for implementing legal procedures as stipulated in Item 3, Article 18b of Circular No.40/2011/TT-NHNN dated December 15 2011, issued by the SBV Governor on the granting of license and organization, performance of commercial banks, branches of foreign banks, representative offices of foreign credit institutions and other foreign organizations with banking operations in Vietnam (revised and supplemented by Circular No 08/2015/TT-NHNN) to implement the above-mentioned content of revision.
This decision took effect on the date of signing and is an integral part of License No. 11/GP-NHNN dated October 30, 2006, as issued by the SBV Governor for Vietnam – Russia Bank.
Thoa Le