The State Bank of Vietnam (SBV) issued Decision No. 2197/QĐ-NHNN on October 20th, 2017 to revise License of Bac A Commercial Joint-Stock Bank (Bac A Bank).
Accordingly, the SBV Governor approved the revision of Point 8 of Operation License No.0052/NH-GP issued by SBV on September 1st, 1994 granted to Bac A Commercial Joint-Stock Bank as follows: “Trading and providing foreign exchange services in the domestic and international market within the scope stipulated by the SBV”.
Bac A Bank is responsible for: (i) Providing the mentioned-above services in compliance with applicable laws and other relevant regulations; (ii) Implementing procedures in line with Item 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15th, 2011 on granting license to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign credit institutions with banking operations in Vietnam (as revised by Circular No. 08/2015/TT-NHNN dated June 30th, 2015).
This Decision took effect from the date of signing and is an integral part of Operation License No.0052/NH-GP issued by on September 1st, 1994 granted to Bac A Commercial Joint-Stock Bank (Bac A Bank)
The contents related to foreign exchange activities in Item 8, Article 2 of Decision No. 183/QĐ-NH5 dated September 1st, 1994 on the issuance of Operation License to Bac A Bank; Certificate of Registration for foreign exchange services provision No.3647/NHNN-CNH dated May 20th, 2009; Certificate of Eligibility for foreign exchange services provision No.3646/NHNN-CNH dated May 20th, 2009 and other documents on approving foreign exchange services of Bac A Bank ceased to be effective from the date of signing this Decision.
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