On December 19, 2019, the State Bank of Vietnam (SBV) issued Document No. 9909/NHNN-TTGSNH approving in principle the establishment of Daegu Bank – Ho Chi Minh City branch.
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Accordingly, the SBV has: (i) approved in principle the establishment of Daegu Bank – Ho Chi Minh City branch; (ii) approved the proposed appointment of Mr. Kim Jin Tae as CEO of Daegu Bank – Ho Chi Minh City Branch; (iii) approved the organizational structure, and the structures of management, administration, internal control, internal audit of Daegu Bank – Ho Chi Minh City branch as indicated in the Establishment Plan developed by Daegu Bank.
Daegu Bank is responsible for continuing to complete the procedures in accordance with the SBV’s regulations and guidance to submit to the SBV’s Governor for consideration and decision on licensing the establishment of Daegu Bank – Ho Chi Minh City Branch.
VA