The State Bank of Vietnam (SBV) issued Document No. 9191/NHNN-TTGSNH on December 2 to approve in principle the merger of Song Da Finance Company (SDFC) into the Military Joint-Stock Commercial Bank (MB) under the Merger Plan approved by General Shareholders’ Meetings of MB and SDFC.
chap thuan
MB and SDFC are responsible for completing all procedures in line with Item 2 of Article 19 of Circular No. 04/2010/TT-NHNN dated February 11, 2010.
The SBV also approved in principle the establishment of sub-company as finance company of MB to provide credit consumption service. MB is responsible for implementing procedures and meeting requirements for inaugurating the company.
DH