The State Bank of Vietnam (SBV) issued Decision No. 256/QD-NHNN amending and supplementing the operation contents in the license of the Vietnam Bank for Agriculture and Rural Development (Agribank).
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Accordingly, the SBV Governor approved the addition of the content of "Securities Depository" to the activity contents mentioned in Article 3 of Decision No. 280/QD-NH5 dated October 15th, 1996 granted to Agribank.
When implementing securities depository activities, Agribank have to fully implement regulations on securities depository activities and other relevant provisions of law; 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. 17/2017/TT-NHNN dated November 20th, 2017).
This Decision takes effect from the date of signing and is an integral part of the Decision No. 280/QD-NH5 dated October 15th, 1996 granted to Agribank.
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