On November 29th, 2018, the State Bank of Vietnam (SBV) issued License No. 114/GP-NHNN revising the License for opening a foreign bank branch for KEB Hana Bank - Hanoi Branch.
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Accordingly, the SBV revises License No. 298/GP-NHNN dated August 29th, 1998 granted to KEB Hana Bank – Hanoi Branch, to read as follows:
Full-name in Vietnamese: Ngân hàng KEB Hana - Chi nhánh Hà Nội;
Full-name in English: KEB Hana Bank - Hanoi Branch;
Head office address of KEB Hana Bank – Hanoi Branch: 14th Floor, Deaha Center, 360 Kim Ma Street, Ba Dinh District, Hanoi City;
Charter capital is 67,000,000 US dollars;
Operational duration is 99 years, starting from August 29th, 1998
KEB Hana Bank - Hanoi Branch is permitted to perform the operations of a commercial bank in accordance with the laws and the SBV’s regulations, 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, banking and finance consultancy, asset preservation and safe keeping;
(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) Providing the service of money brokerage;
(xii) Issuing certificates of deposits, promissory notes, bills and bonds to mobilize capital in accordance with the Law on Credit Institutions, the Securities Law, the Government regulations and the SBV’s guidance;
(xiii) Borrowing from the SBV in the form of refinancing under the Law on the State Bank of Vietnam and the SBV’s guidance;
(xiv) 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
(xv) Being a trustee and/or a trustor, acting as an agent in relation to banking operations, insurance and asset management in line with the applicable laws and the SBV’s guidance;
(xvi) Trading and providing foreign exchange services in the domestic market and in the international market within the scope prescribed by the SBV;
During the operational duration, KEB Hana Bank - Hanoi Branch must comply with the applicable laws of Vietnam.
This License takes effect from the date of signing and is an integral part of License No. 298/NH-GP dated August 29th, 1998 and shall be accompanied by the relevant approval documents for the amendments and supplementations of the License granted to KEB Hana Bank - Hanoi Branch.
VA