The Governor of the State Bank of Vietnam (SBV) issued Decision No. 1542/QĐ-NHNN on August 4 to extend the operational coverage of the license of Indovina Bank Ltd.
indobank
Accordingly, the SBV Governor has approved the additional operations to Article V of License No. 08/NH-GP dated October 29, 1992. The additional operations are as follows: (i) Discounting and rediscounting negotiable instruments and other valuable papers; (ii) domestic factoring; (iii) trustee and trustor, agent for fields related to banking operations, and asset management in accordance with law and the SBV’s regulations; (iv) cash management, finance and banking consultancy services; asset preservation and safe keeping; (v) corporate finance and investment consultancy services.
Indovina Bank Ltd. is responsible for meeting all requirements and regulations in accordance with the SBV’s regulations on trading of Government and corporate bonds and other relevant laws; (ii) revising its Charter and registering its revised Charter with the SBV; registering the additional operations with the relevant authorities; publicizing additional operations new operations of its License in accordance with Item 4 of Article 29 of the Law on Credit Institutions.
This Decision took effect from the date of signing and is an integral part of License No. 08/NH-GP dated October 29, 1992.
DH