On May 13, 2020, the State Bank of Vietnam (SBV) issued Decision No. 922/QD-NHNN supplementing a new operation to the License of KEB Hana Bank – Hanoi branch.
Illustrated image
Accordingly, the SBV Governor has approved the additional operation of “debt purchase” to Article 4 of License No. 114/GP-NHNN dated November 29, 2018 issued by the SBV Governor to KEB Hana Bank – Hanoi branch.
KEB Hana Bank – Hanoi branch is responsible for implementing the additional operation in compliance with the applicable laws; implementing the 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).
KEB Hana Bank – Hanoi branch is also required to comply with Circular No. 09/2015/TT-NHNN dated July 17, 2015 on debt purchasing and selling of credit institutions and foreign bank branches.
This Decision took effect from the date of signing and is an integral part of License No. 114/GP-NHNN dated November 29, 2018 issued by the SBV Governor to KEB Hana Bank – Hanoi branch.
Le Hang