On February 1st, 2019, the State Bank of Vietnam (SBV) issued Decision No. 223/QD-NHNN supplementing the Operation License for a foreign bank’s branch of DEUTSCHE BANK AG – HOCHIMINH CITY BRANCH.
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Accordingly, the SBV Governor approved the supplementation of the operation of “Participating in bidding, buying and selling Treasury bills, negotiable instruments, the Government bonds, the SBV bills and other valuable papers in the monetary market” to the operations listed in Article III of the Operation License for a foreign bank’s branch No. 20/NH-GP dated June 28th, 1995 issued by the SBV Governor to DEUTSCHE BANK AG – HOCHIMINH CITY BRANCH.
DEUTSCHE BANK AG – HOCHIMINH CITY BRANCH is responsible for implementing the procedures in line with Paragraph 3 of Article 18b of Circular No.40/2011/TT-NHNN dated December 15th, 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.17/2017/TT-NHNN dated November 20th, 2017).
This Decision takes effect from the date of signing and is an integral part of License No. 20/NH-GP dated June 28th, 1995 granted to DEUTSCHE BANK AG – HOCHIMINH CITY BRANCH.
VA