The State Bank of Vietnam (SBV) issued Decisions No.1242/QĐ-NHNN dated June 26, 2017 on revising the License of the Nam A Joint – Stock Commercial Bank (NamABank).
Accordingly, the SBV Governor has approved: To revise Item 8 of the License No.0026/NH-GP dated August 22, 1992 by the SBV Governor for NamABank to add several services and rewrite it as follow: Credit granting via domestic factoring; Consulting on enterprise finance, mergers and acquisitions (M&A) and investment; Participating in the bidding, purchasing and sales of Treasury bills, negotiable instruments, government bonds, SBV bills and other valuable papers in monetary market; Conducting currency brokerage services; Issuing promissory notes, bills and bonds to mobilize capital from domestic and international institutions in line with Law on Credit Institutions, Law on Securities, Government’s regulations and SBV’s guidance.
NamABank is responsible for complying above-mentioned substances in line with applicable laws and SBV’s regulations; Implementing legal 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 dated June 30, 2015) to implement the above-mentioned contents of revision.
This Decision took effect from the date of signing and is an integral part of License No.0026/NH-GP dated August 22, 1992 by the SBV Governor for NamABank.
Thoa Le