The State Bank of Vietnam (SBV) issued Decision No. 281/QĐ-NHNN on supplementing content in the operational license of National Citizen Bank (NCB) on March 8th, 2016.
Accordingly, the License No.0057NH-GP dated October 18th, 1995 issued by the Governor of the SBV is added such contents as follows: (i) Credit granted via credit card issuance, domestic factoring and forfaiting; (ii) Account opening for customers; (iii) Account opening includes: account opening at the SBV; account opening at credit institutions and branches of other foreign banks; (iv) Internal payment and participation in national interbank system; (v) financial banking advisory and cash management services; asset preservation, safe-deposit box for lease services; (vi) consulting on enterprise finance, mergers and acquisitions (M&A) and investment; (vii) participation in the bidding, purchasing and sales of Treasury bills, negotiable instruments, government bonds, SBV bills and other valuable papers in monetary market; (viii) the purchase and sale of government and enterprise bonds; (ix) Currency brokerage services; (x) debt purchasing.
Decision No. 281/QD-NHNN took effect from the date of signing and it is an integral part of the Licence No. 0057/NH-GP dated October 18th, 1995 issued by Governor of the SBV for the NCB.