On May 13, 2022, the State Bank of Vietnam (SBV) issued Decision No. 861/QD-NHNN supplementing an additional operation to the License for the Operations of DongA Joint Stock Commercial Bank (DongA Bank).
Accordingly, Point 8 of the License for the Operations No. 0009/NH-GP dated March 27, 1992 issued by the SBV Governor to DongA Bank is supplemented with an additional operation, which is “Acting as an insurance agency”.
DongA Bank shall be responsible for implementing the above operation permitted in this Decision in line with the applicable provisions of law and the guidance of the SBV; implementing the procedures in line with Paragraph 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 issued by the SBV Governor regulating the issuance of licenses to and the establishment and operations of commercial banks, foreign bank branches, representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as amended and supplemented) in relevance to the above-supplemented substance.
This Decision took effect from the date of signing and is an integral part of the License for the Operations No. 0009/NH-GP dated March 27, 1992 issued by the SBV Governor to DongA Bank.
LK