On May 28, 2020, the State Bank of Vietnam (SBV) issued Decisions No. 1017/QD-NHNN and No. 1016/QD-NHNN amending the Licenses of Fubon Commercial Bank Co., Ltd. - Ho Chi Minh city (HCMC) branch and Hanoi branch respectively.
Accordingly, in Decision No. 1017/QD-NHNN, the SBV Governor has approved the supplementation of Paragraph 14 of Article 4 of License No. 54/NH-GP dated February 20, 2013 issued for Fubon Commercial Bank Co., Ltd. - HCMC branch, to read as follows: “14. Trading, providing interest rate derivatives”.
In Decision No. 1016/QD-NHNN, the SBV Governor has approved the supplementation of Item V of Article III of License No. 11/NH-GP dated April 9, 1993 issued for Fubon Commercial Bank Co., Ltd. - Hanoi branch, to read as follows: “V. Trading, providing interest rate derivatives”.
The Fubon Commercial Bank Co., Ltd. - HCMC and Hanoi branches are responsible for 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, Circular No. 28/2018/TT-NHNN dated November 30, 2018 and Circular No. 25/2019/TT-NHNN dated December 2, 2019).
These Decisions took effect from the date of signing and are an integral part of License No. 54/NH-GP dated February 20, 2013 issued for Fubon Commercial Bank Co., Ltd. - HCMC branch and License No. 11/NH-GP dated April 9, 1993 issued for Fubon Commercial Bank Co., Ltd. - Hanoi branch.
Le Hang