The State Bank of Vietnam (SBV) issued Decision No. 55/QD-NHNN dated January 12th, 2018 to revise the License of the MB Shinsei Consumer Finance Co Ltd (MB Shinsei)
Accordingly, the SBV Governor approved the additional contents of Point m Paragraph 3 Article 4 of License No. 58/GP-NHNN dated September 21st, 2017 for the MB Shinsei Consumer Finance Co Ltd as follows: “m) Trading and providing foreign exchange services in the domestic and international market within the scope stipulated by the SBV”.
MB Shinsei 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. 58/GP-NHNN dated September 21st, 2017 for the MB Shinsei Consumer Finance Co Ltd.
VA