The State Bank of Vietnam (SBV) issued Document No. 1607/NHNN-TTGSNH on March 18 to allow in principle the merger of the Mekong Development Bank (MDB) and the Maritime Bank (MSB).
Accordingly, the SBV will consider for the approval of the merger of the MDB and the MSB on the basis of submitted documents of the MSB in accordance with Item 2 of Article 11 of Circular No. 04/2010/TT-NHNN dated February 11, 2010 on the M&A of credit institutions.
DH