The Governor of the State Bank of Vietnam (SBV) issued Decision No. 1502/QĐ-NHNN on July 17 to extend the operational coverage of the license of the Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank).
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Accordingly, the SBV Governor has approved the additional operations to Point 8 of License No. 0001/NH-GP dated June 8, 1991 as follows: providing service of money broke; being trustee and trustor, acting as an agent in relation to banking operations, and asset management in line with laws and SBV guidance; issuing certificates of deposit, promissory notes, bills and bonds to mobilize capital in accordance with Law on Credit Institutions, the Law on Securities, Government regulations and SBV guidance; trading and providing interest rate derivatives in the international and domestic markets.
Maritime Bank is responsible for implementing the procedures in accordance with Item 3 of Article 18b of Circular No. 40/2011/TT-NHNN, dated December 15 2011, on granting a license to commercial banks, foreign bank branches, the representative offices of foreign banks and other foreign institutions with banking operations in Vietnam (as revised by Circular No. 08/2015/TT-NHNN dated June 30, 2015).
This Decision took effect from the date of signing and is an integral part of License No. 0001/NH-GP dated June 8, 1991.
Decision No. 1170/QĐ-NHNN dated June 15, 2017 on extending the operational coverage of the license of Maritime Bank ceased to be effective.
Le Hang