The State Bank of Vietnam (SBV) issued Document No.6736/NHNN-TTGSNH on August 24th, 2017 allowing the Co-operative Bank of Vietnam (Co-opbank) to open new branches.
Accordingly, the SBV Governor approved Co-opbank to establish branches in Ha Tinh, Tay Ninh, Gia Lai and Bac Giang province, specifically:
Co-opbank – Ha Tinh branch; Operation location: Ha Tinh province;
Co-opbank – Yen Bai branch; Operation location: Yen Bai, Lao Cai, Ha Giang and Lai Chau province;
Co-opbank - Tay Ninh branch; Operation location: Tay Ninh and Binh Phuoc province;
Co-opbank – Gia Lai branch; Operation location: Gia Lai and Kon Tum province;
Co-opbank – Bac Giang branch; Operation location: Bac Giang province;
The SBV requires Co-opbank to implement legal procedures and comply with regulations of Law on Credit Institutions, Decision No.24/2006/QD-NHNN dated June 6, 2006 of SBV Governor on granting and revoking licenses of people’s credit funds; opening and terminating operations of transaction centers, branches, representative offices, transaction offices and transaction points of people’s credit funds; splitting and M & A of people’s credit funds; liquidation of people’s credit funds under the SBV’s monitoring.
Co-opbank is required to inaugurate the above – mentioned branches within 12 months from the date of signing Document No.6736/NHNN-TTGSNH.
Thoa Le