The State Bank of Vietnam (SBV) issued Decision No. 2274/QĐ-NHNN on October 30, 2017 to revise License of Citibank, N.A. – Hanoi branch.
Accordingly, the SBV Governor approved the additional operation of “trading and providing forex services in the domestic and international market within the scope as stipulated by the SBV” to Item II of Article III of License No. 13/NH-GP dated December 19, 1994 for Citibank, N.A. – Hanoi branch.
Citibank, N.A. – Hanoi branch is responsible for providing the mentioned-above services in compliance with applicable laws; 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 No. 13/NH-GP dated December 19, 1994 for Citibank, N.A. – Hanoi branch.
License No. 17/1998/GP-QLNH5 dated February 5, 1996 and documents on approving other basic forex activities granted to Citibank, N.A. – Hanoi branch before the date of signing this Decision ceased to be effective from the date of signing this Decision.
Le Hang