On February 14, 2019, the State Bank of Vietnam (SBV) issued Document No. 857/NHNN-TTGSNH permitting Bac A Joint Stock Commercial Bank (BacABank) to establish more branches.
Accordingly, BacABank is allowed to establish 04 additional branches in the provinces of Lang Som, Ha Giang, Long An and Binh Dinh.
The SBV also requires BacABank to take responsibility for implementing the procedures to inaugurate, register and publicize the newly established branches in line with Circular No.21/2013/TT-NHNN dated September 9, 2013 on the operational networks of the commercial banks and the other applicable legal texts. The Document will cease to be valid if BacABank does not inaugurate the above-mentioned branches within 12 months from the date of its signing.
Le Hang