The Governor of the State Bank of Vietnam (SBV) issued Decision No. 2516/QĐ-NHNN on December 7 to extend the operational coverage of the license of Bac A Joint-Stock Commercial Bank (BacABank).
Accordingly, the SBV Governor has approved the additional operations of “money broker service” and “debt purchasing” to Item 8 of License No. 0052/NH-GP dated September 1, 1994.
BacABank is responsible for providing additional services in line with SBV’s regulations and relevant laws; and complying with Item 4 of Article 29 of the Law on Credit Institutions.
The Decision took effect on the date of signing and is an integral part of BacABank’s License No.0052/NH-GP dated September 1, 1994.
DH