The State Bank of Vietnam (SBV) has issued Decision No. 744/QD-NHNN revising the License of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank).
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Accordingly, the SBV Governor has approved the additional operation of “providing commodity derivatives” to Point 8 of License No. 00019/NH-GP dated June 6, 1992 issued by the SBV Governor to HDBank.
HDBank is responsible for implementing the additional operation in compliance with applicable laws; implementing 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).
This Decision took effect from the date of signing and is an integral part of License No. 00019/NH-GP dated June 6, 1992 for HDBank.
Le Hang