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Public Bank Viet Nam to expand

Jul 14th at 21:40
14-07-2018 21:40:35+07:00

Public Bank Viet Nam to expand

Public Bank Viet Nam Limited was given approval from the State Bank of Viet Nam (SBV) to open three additional three branches and two more transaction offices this year, increasing its total number of branches in Viet Nam to 19.

 

SBV has sent a document approving the establishment of the branches and transaction offices in Ha Noi and HCM City.

The bank will take responsibility for implementing procedures for the establishment following current regulations of the activities of commercial banks.

Public Bank Viet Nam has been one of nine wholly-foreign invested banks in Viet Nam under Public Bank Malaysia. Earlier, it was a joint venture between the Bank for Development and Investment of Viet Nam (BIDV) and Public Bank Malaysia established on September 30th, 1991.

The group previously opened six branches in 2017 and seven in 2016.

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