The State Bank of Vietnam (SBV) issued Decision No. 2141/QĐ-NHNN on October 12 to revise License of Mega International Commercial Bank Co., Ltd – Ho Chi Minh City (HCMC) branch.
Accordingly, the SBV Governor approved the revision of Item II of Article III of License No. 25/NH-GP dated May 3, 1996 of the SBV Governor for the International Commercial Bank Co., Ltd – HCMC branch (Currently renamed as Mega International Commercial Bank Co., Ltd – HCMC branch) as follows: “trading and providing forex services in the international and domestic markets within the scope stipulated by the SBV”.
Mega International Commercial Bank Co., Ltd – HCMC branch 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 18 of Circular No. 40/2011/TT-NHNN dated December 15, 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 30, 2015).
This Decision took effect from the date of signing and is an integral part of License License No. 25/NH-GP dated May 3, 1996.
Substances related to forex activities in Item 2.8 of Article 2 of Decision No. 194/QĐ-NH5 dated September 14, 1994; Certificate No. 2807/NHNN-CNH dated April 20, 2009 of being eligible for forex service provision; Certificate No. 2808/NHNN-CNH dated April 20, 2099 of registering forex service provision and other substances related to basic forex activities approved in other documents ceased to be effective from the date of signing this Decision.
Documents on approving other basic forex activities for Mega International Commercial Bank Co., Ltd-HCMC branch, which were signed before signing this Decision, ceased to be effective from the date of signing this Decision.
Le Hang