On June 01, 2022, the State Bank of Vietnam (SBV) issued Decision No. 967/QD-NHNN revising the License for the Establishment and Operations of the Standard Chartered Bank (Vietnam) Limited.
Accordingly, the SBV Governor has accepted to revise the substances of the Owner’s name and the Head office’s address as stated in Article 1 and Article 2 of the License for the Establishment and Operations of a 100% foreign-owned bank No. 236/GP-NHNN dated September 08, 2008 issued by the SBV Governor to the Standard Chartered Bank (Vietnam) Limited, to read as follows:
“Article 1. Allowing the below-mentioned bank to establish a 100% foreign-owned bank in Vietnam:
Bank’s name: Standard Chartered Bank (Singapore) Limited;
Address: No. 8 Marina Boulevard, #27-01 Marina Bay Financial Centre Tower 1, Singapore 018981, Singapore.
Article 2: The head office of the Standard Chartered Bank (Vietnam) Limited is located at Floor 3, Towers 1 and 2, Room CP1.L01 and Room CP2.L01, Capital Place Building, No. 29 Lieu Giai, Ngoc Khanh Ward, Ba Dinh District, Hanoi.”
The Standard Chartered Bank (Vietnam) Limited is responsible for ensuring that its head office meets all applicable conditions as required in Paragraph 2, Article 23 of Circular No. 40/2011/TT-NHNN dated December 15, 2011 of the SBV Governor stipulating the issuance of licenses, the organizations and operations of commercial banks, foreign bank branches, representative offices of foreign credit institutions and other foreign organizations having banking operations in Vietnam (as amended and supplemented); Implementing procedures for registering and publicizing the revised information in accordance with Paragraph 4, Article 29 of the 2010 Law on Credit Institutions (as amended and supplemented in 2017).
This Decision took effect from the date of signing and is an integral part of the License for the Establishment and Operations of a 100% foreign-owned bank No. 236/GP-NHNN dated September 08, 2008 issued by the SBV Governor to the Standard Chartered Bank (Vietnam) Limited.
LK