Maritime Bank allowed to provide additional service

Jun 22nd at 13:12
22-06-2012 13:12:44+07:00

Maritime Bank allowed to provide additional service

The Governor of the State Bank of Vietnam (SBV) issued Decision No. 1258/QĐ-NHNN on June 21 to extend operational coverage of the license of the Maritime Joint – Stock Commercial Bank (Maritime Bank).

Accordingly, the SBV Governor approved the additional substance of “securities custody in line with law” to License No. 0001/NH-GP dated June 8, 1991 for the Maritime Bank.

The Maritime Bank is responsible for revising and registering its Regulation.

The Decision took effect from the date of signing and is an integral part of License No.0001/NH-GP dated June 8, 1991 for the Maritime Bank.

sbv



NEWS SAME CATEGORY

Profit of banking sector in 2011: Large profit from some banks only

In 2011, the Government managed the monetary and fiscal policis in a tight manner in order to control inflation and stabilize macro-economy. This policy has...

Sneaky banks fail to announce new fees

Banks have quietly doubled some kind of fees, including charges for money withdrawals from other banks' ATMs, checking accounts and money transfers, even though the...

SBV publicises data of credit activities for the first time

Total national lending contracted 0.59 per cent in the first four months, reaching about VND2,617 trillion (US$125.82 billion) on April 30, the State Bank of Viet...

State Bank may decide foreign loan rates

While foreign bank branches and credit institutions generally negotiate lending and document trading interest rates themselves, the State Bank of Viet Nam will...

Bad debts stand at 10pct of 2011 GDP, on the rise: cbank

Vietnam’s total bad debts as of June 2012 are estimated to be worth around 10 percent of the country’s gross domestic product (GDP) in 2011 and are rising, said the...

Vietnam's bad debts at 4.14 pct as of end-April: report

Bad debts in Vietnam's banking system rose to 4.14 percent of total loans as of April as economic difficulties prevented businesses from settling debts and getting...

Businesses at the point of death, banks make fat profits

The finance report about the business performance in the first four months of 2012 showed that enterprises incurred heavy losses, while the 71 commercial banks made...

Outstanding loans to FIEs not big, not worrying

The outstanding loans given to foreign invested enterprises (FIEs) just account for a small proportion in the total outstanding loans of the whole banking system...

Credit flowing freely, asserts leading bank

There is no basis for enterprises or individuals to continue claiming that they are facing difficulties accessing credit at preferential terms for real estate...

Local insurers urged to restructure to survive

While mergers and acquisition deals have heated up among banks and securities companies, the M&A picture for the insurance industry remains rather quiet despite...

Bank stocks

Insurance stocks


MOST READ


Back To Top