On November 9, 2018, the State Bank of Vietnam (SBV) issued License No. 108/GP-NHNN to replace the former License on the establishment and operations of Malayan Banking Berhad – Hanoi branch.
Accordingly, the new License issued by the SBV shall replace License No.22/NH-GP dated August 15, 1995 granted to the Malayan Banking Berhad – Hanoi branch, with details as follows:
Full-name in English: Malayan Banking Berhad – Hanoi branch;
Abbreviation: MBB/Maybank Hanoi;
Head office address: Room No. 909, 9th Floor, CornerStone buiding, 16 Phan Chu Trinh, Hoan Kiem district, Hanoi.
The charter capital of the MBB is USD 15 million with an operation duration of 99 years, starting from August 15, 2015.
The MBB is permitted to perform the operations of a commercial bank in accordance with the laws and regulations of the SBV, including the following activities: (i) Receiving time and demand deposits, savings and other deposits; (ii) Extending credit in such forms as lending, discounting and rediscounting of negotiable instruments and other valuable papers; bank guarantees; issuing credit cards, domestic factoring; (iii) Opening payment accounts; (iv) Providing payment services in the domestic market: providing payment methods; performing services of payment by cheque, payment orders, encashment orders, letters of credit, bank cards, cash in and cash out; (v) Opening accounts: Opening accounts at the SBV, other credit institutions and foreign banks’ branches; (vi) Internal payment, participating in the national inter-bank payment system; (vii) Providing services of cash management; (viii) Providing consultancy services in the fields of corporate finance, M&A, and investment; (ix) Participating in the biddings for the State Treasury bills, and the trading of negotiable instruments, the Government bonds, the SBV bills and other valuable papers in the money market; (x) Trading of corporate and the Government bonds; (xi) Borrowing from the SBV in the form of refinancing under the Law on the State Bank of Vietnam and the SBV’s guidance; (xii) Borrowing, lending, depositing and receiving deposits of other credit institutions, foreign banks’ branches, domestic and international financial institutions in line with the applicable laws and the SBV’s guidance; (xiii) acting as an agent in relation to insurance in line with the applicable laws and the SBV’s guidance; (xiv) Trading and providing foreign exchange services in the domestic market and in the international market within the scope prescribed by the SBV.
In the process of operations, the MBB must comply with the applicable laws of Vietnam.
This License takes effect from the date of signing and shall replace License No. 22/NH-GP dated August 15, 1995, Decisions No. 472/QĐ-NHNN dated March 24, 2017, No. 2103/QĐ-NHNN dated October 6, 2017, No. 2055/QĐ-NHNN dated October 13, 2014, No. 1192/QĐ-NHNN dated February June 17, 2017, No. 385/QĐ-NHNN dated March 23, 2015.
Le Hang