The State Bank of Vietnam (SBV) issued Decision No.1391/QĐ-NHNN on July 21 to approve the merger of the Mekong Development Joint Stock commercial Bank into the Maritime Commercial Joint Stock Bank.
Mekong Development Joint Stock commercial Bank mergs into Maritime Commercial Joint Stock Bank
Accordingly, the SBV revokes License No. 0022/NH-GP dated September 12, 1992 for the Mekong Development Joint Stock commercial Bank and terminates its effectiveness.
The SBV required the Maritime Commercial Joint Stock Bank to be responsible for receiving all assets, rights, obligation and legitimate interests of the Mekong Development Joint Stock commercial Bank. Within 15 working days from the effective date of the Decision, the Maritime Commercial Joint Stock Bank is required to complete procedures of registering, publicizing the merger and complying with other relevant regulations.
The Mekong Development Joint Stock commercial Bank is responsible to transfer all assets, rights, obligation and legitimate interests to the Maritime Commercial Joint Stock Bank. Within 15 working days from the effective date of the Decision, the Mekong Development Joint Stock commercial Bank is required to implement procedures for deleting its name in enterprise registration book in accordance with law; to publicize the merger with the Maritime Commercial Joint Stock Bank, termination of operations and the resolution of relevant rights and obligations in line with laws; and to perform other obligations in compliance with law.
This Decision takes effect from August 12, 2015.
MH