The State Bank of Vietnam (SBV) has just issued Decision No. 2561/QD-NHNN revising the License of the Orient Joint-Stock Commercial Bank (OCB).
Accordingly, the SBV Governor has approved the additional operations of “trading and providing interest rate derivatives” to Point 8 of License No. 0061/NH-GP dated April 13, 1996 issued for the OCB.
The OCB is responsible for implementing the additional operations in compliance with the applicable laws; implementing the procedures as stipulated in 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. 0061/NH-GP dated April 13, 1996 issued by the SBV Governor for the OCB.
Le Hang