On December 30, 2021, the State Bank of Vietnam (SBV) issued Decision No. 2119/QD-NHNN supplementing an operation to the License for the Operations of the Global Petro Sole Member Limited Commercial Bank (GPBank).
Accordingly, a new operation of “entrusting and receiving entrustments” has been added to the License for the Operations No. 0043/NH-GP dated November 13, 1993 issued by the SBV Governor to GPBank.
GPBank is responsible for: (i) Implementing the procedures in line with the provisions in Paragraph 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 of the SBV Governor stipulating the licensing, as well as the organization and operations of commercial banks, foreign bank branches, representative offices of foreign credit institutions, other foreign organizations having banking operations in Vietnam (as amended and supplemented) regarding the newly added operation; (ii) Conducting the operation of “entrusting and receiving entrustments” in line with the applicable provisions of law.
This Decision took effect from the date of signing and is an integral part of the License for the Operations No. 0043/NH-GP dated November 13, 1993 issued by the SBV Governor to GPBank.
LK