On May 27, 2022, the Governor of the State Bank of Vietnam (SBV) issued Decision No. 945/QD-NHNN extending the operational period in the License for the Establishment and Operations of Saigon - Hanoi Commercial Joint Stock Bank Finance Company Limited (SHB Finance Co. Ltd.).
Accordingly, Article 3 of the License for the Establishment and Operations No. 71/GP-NHNN dated November 11, 2021 issued by the SBV Governor to SHB Finance Co. Ltd. has been revised, to read as follows:
“Article 3. The operational period of SHB Finance Co. Ltd. is 50 years, starting from December 12, 2016.”
SHB Finance Co. Ltd. is responsible for implementing the procedures as required in Paragraph 4, Article 29 of the 2010 Law on Credit Institutions (as amended and supplemented in 2017) and other relevant provisions of law regarding the above-mentioned amendment.
This Decision took effect from the date of signing and is an integral part of the License for the Establishment and Operations No. 71/GP-NHNN dated November 11, 2021 issued by the SBV Governor to SHB Finance Co. Ltd.
LK