On December 3, 2018, the State Bank of Vietnam (SBV) issued Decision No. 2364/QD-NHNN supplementing a new operation to the License of Cathay United Bank – Chu Lai branch.
Accordingly, the SBV Governor approved the additional operation of “debt purchase” to Article 4 of License No. 107/GP-NHNN dated November 1, 2018 issued by the SBV Governor to Cathay United Bank – Chu Lai branch.
Cathay United Bank – Chu Lai branch is responsible for implementing the additional operation in compliance with the applicable laws; implementing the 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 20, 2017); complying with Circular No. 09/2015/TT-NHNN dated July 17, 2015 on debt trading operations of credit institutions and foreign bank branches.
This Decision took effect from the date of signing and is an integral part of License No. 107/GP-NHNN dated November 1, 2018 issued by the SBV Governor to Cathay United Bank – Chu Lai branch.
Le Hang