The State Bank of Vietnam (SBV) issued Decision No. 2460/QD-NHNN on November 28, 2017 to revise the License of the Asia Joint-stock Commercial Bank (ACB).
Accordingly, the SBV Governor approved the additional operations of “trading and providing interest rate derivatives” to Point 8 of the License No. 0032/NH-GP dated April 24, 1993 for the ACB.
The ACB is responsible for implementing the additional operations in compliance with applicable laws; implementing procedures in line with Paragraph 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 on granting licenses to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as amended and supplemented 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 the License No. 0032/NH-GP dated April 24, 1993 for the ACB.
Le Hang