On April 12th, 2019, the State Bank of Vietnam (SBV) issued Decision No. 755/QD-NHNN supplementing an additional operation to the License of Standard Chartered Bank (Vietnam) Limited.
Illustrated photo
Accordingly, the SBV Governor approved the supplementation of the operation of “Trading and providing derivative products of commodity prices” to the operations listed in Article 6 of the License for the Establishment and Operations of 100% foreign owned bank No. 236/GP-NHNN dated September 8th, 2008 issued by the SBV Governor to Standard Chartered Bank (Vietnam) Limited.
Standard Chartered Bank (Vietnam) Limited is responsible for implementing the procedures in line with Paragraph 3 of Article 18b of Circular No.40/2011/TT-NHNN dated December 15th, 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 License for the Establishment and Operations of 100% foreign owned bank No. 236/GP-NHNN dated September 8th, 2008 issued by the SBV Governor to Standard Chartered Bank (Vietnam) Limited.
VA