The State Bank of Viet Nam (SBV) issued Document No.5827/NHNN-TTGSNH dated August 2, 2016 to approve in principle the establishment of Hanoi branch of Nonghyup Bank.
Under Document No.5827/NHNN-TTGSNH, the SBV Governor also approved the appointment of Mr Lee Woo Sik as Chief Executive Officer of Hanoi branch of Nonghyup Bank; the organizational structure and management and governance structure; internal control and audit of Hanoi branch of Nonghyup Bank.
The SBV required Nonghyup Bank to continue completing legal dossiers and procedures in line with applicable laws and SBV’s instructions to submit SBV Governor for granting Licence of establishment and operation of Hanoi branch of Nonghyup Bank.
Giang Nguyen