The Governor of the State Bank of Vietnam (SBV) issued Decision No. 2296/QĐ-NHNN on November 17 to extend the operational coverage of the Military Joint-Stock Commercial Bank's (MB) license.
Accordingly, the SBV Governor has approved the additional operation of “trading interest rate derivatives in line with laws and SBV’s guidance” to Point 8 of License No. 0054/NH-GP, dated September 14, 1994.
The MB is responsible for meeting all requirements and regulations in accordance with Item 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15 2011, for granting licenses to commercial banks, foreign bank branches and the representative offices of foreign credit institutions and organizations with banking operations in Vietnam.
The Decision took effect from the date of signing and is an integral part of License No. 0054/NH-GP dated September 14, 1994 for the MB.
Le Hang