The State Bank of Vietnam (SBV) issued Decision No. 2126/QD-NHNN on October 10th, 2017 revising the License for establishment and operation of Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank).
Specifically, SBV Governor approved the amendments and supplements of Point 6 Article 1 Decision No. 2399/QD-NHNN dated December 15th, 2006 on the issuance of operating license to Vietbank with the following contents:
“Trustor, trustee, agents in the field related to banking operations, insurance business in accordance with the law and the guidance of the State Bank of Vietnam.
Currency brokerage services.
Corporate finance consultancy, consultancy on purchase, sale, consolidation, merger and investment consultancy.
Loans, deposits, receipts capital from credit institutions, foreign banks' branches, domestic and foreign financial institutions according to the provisions of law and SBV's guidance.”
Vietbank is responsible for providing the mentioned-above services in compliance with applicable laws and other relevant regulations; at the same time, implementing procedures in line with Item 3 of Article 18b of Circular No.40/2011/TT-NHNN dated December 15th, 2011 on granting license to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign credit institutions with banking operations in Vietnam (as revised by Circular No.08/2015/TT-NHNN dated June 30th, 2015).
This Decision took effect from the date of signing and is an integral part of SBV Governor’s Decision No. 2399/QD-NHNN dated December 15th, 2006 on the issuance of operating license to Vietbank.
VA