On November 30, 2018, the State Bank of Vietnam (SBV) issued License No. 86/GP-NHNN to replace the former License on the establishment and operations of CITIBANK, N.A. – Hanoi branch.
Accordingly, the new License issued by the SBV shall replace License No. 13/NH-GP dated December 19, 1994 granted to the CITIBANK, N.A. – Hanoi branch, with the new details as follows:
Full-name in Vietnamese: Ngân hàng CITIBANK, N.A. - Chi nhánh Hà Nội;
Full-name in English: CITIBANK, N.A. – Hanoi branch;
Head office address: Ground, 11th, 12A and 12B Floors, No.40 Cat Linh street, Dong Da district, Hanoi.
The charter capital of CITIBANK, N.A. – Hanoi branch is USD 15 million with an operation duration of 99 years, starting from December 19, 1994.
The CITIBANK, N.A. – Hanoi branch is permitted to perform the operations of a commercial bank in accordance with the laws and regulations of the SBV, 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: (xvii) Stock depository; (xviii) E-wallets; (xix) Investing in Government bond futures.
In the process of operations, the CITIBANK, N.A. – Hanoi branch must comply with the applicable laws of Vietnam.
This License takes effect from the date of signing and shall replace License No. 13/NH-GP dated December 19, 1994, as well as the SBV’s documents approving the amendments and revisions to this License: Decision No. 08/QD-NHNN dated January 6, 2010, Decision No. 1979/QD-NHNN dated October 1, 2012, Decision No. 2699/QD-NHNN dated December 19, 2014, and Decision No. 2274/QD-NHNN dated October 30, 2017.
Le Hang