The State Bank of Vietnam (SBV) issued Decision No. 2306/QĐ-NHNN on November 1, 2017 to revise License of An Binh Joint-Stock Commercial Bank (ABBank).
Accordingly, the SBV Governor approved the additional operation of “trading and providing forex services in the international and domestic market within the scope as stipulated by the SBV” to Item 8 of License No. 0031/NH-GP dated April 15, 1993 of the SBV Governor for the ABBank.
ABBank 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 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 November 1, 2017 and is an integral part of License No. 0031/NH-GP dated April 15, 1993 of the SBV Governor for the ABBank.
The following substances and documents ceased to be effective from the effective date of this Decision: Item 8 of Article 1 of Decision No. 2494/QĐ-NHNN dated November 27, 2011, Certificates No. 10735/NHNN-CNH dated December 9, 2008 and No. 6438/NHNN-TTGSNH dated August 24, 2010 on confirming registration of fore service provision; Certificate No. 10736/NHNN-CNH dated December 9, 2008 on confirming the eligibility for providing forex services and other substances related to basic forex activities approved in other documents granted to ABBank before November 1, 2017.
Le Hang