The State Bank of Vietnam (SBV) issued Decision No. 2662/QD-NHNN dated December 21, 2017 to revise the License of the United Overseas Bank Limited – Ho Chi Minh City (HCMC) branch.
Accordingly, the SBV Governor approved the additional operations of “participating in the bidding, purchasing and selling of the State Treasury bills, negotiable instruments, Government bonds, SBV bills and other valuable papers in the money market” to Article III of the License No. 18/NH-GP dated March 27, 1995 for the United Overseas Bank Limited – HCMC branch.
The United Overseas Bank Limited – HCMC branch is responsible for implementing the additional operations in compliance with applicable laws; implementing procedures in line with Paragraph 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 on granting licenses to commercial banks, foreign bank branches and representative offices of foreign credit institutions and other foreign institutions with banking operations in Vietnam (as amended and supplemented by Circular No. 08/2015/TT-NHNN dated June 30, 2015).
This Decision took effect from the date of signing and is an integral part of the License No. 18/NH-GP dated March 27, 1995 for the United Overseas Bank Limited – HCMC branch.
Le Hang