VietlawOnline

blue-check Amendments to procedures and application for approval for changes in operation licenses of banks

Circular No. 06/2022/TT-NHNN dated June 30th, 2022 of the State Bank on providing amendments to the Circular No. 50/2018/TT-NHNNstatus2 dated December 31, 2018 of the Governor of the State Bank of Vietnam prescribing procedures and application for approval for changes of commercial banks and foreign bank branches
Posted: 5/7/2022 8:03:14 AM | Latest updated: 19/7/2022 2:30:19 PM (GMT+7) | LuatVietnam: 5488 | Vietlaw: 569
VietlawOnline

This Circular amends these regulations:

- Place of submission of applications for approval for changes in operation licenses of banks;

- Competence to approve the relocation of a foreign bank branch to a province or city other than the one where it is located;

-Time limit for approving the modification of location where headquarters of banks, foreign bank branches are located

- Application for increase in charter capital of a joint-stock commercial bank;

...

Accordingly, regarding competence to approve the changes in operation licenses of banks, this Circular adds the case where a foreign bank branch has to apply for approval by the Governor of the State Bank of Vietnam when its changes the location where its headquarter is located to another province/city.

This Circular takes effect from August 15th, 2022.

Admin_05

Related documents

Penalty document

Unknown

Information

Effective Date 15-Aug-2022
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 569

Files attachment

enflag pdficon TT06-30062022NHNN[EN].pdf

Timeline

No data

Banking management

blue-check Amendments to the minimum liquidity ratio Vietnam Development Bank
blue-check Amendments to procedures and application for approval for changes in operation licenses of banks
blue-check
blue-check New operating regulations of Steering Committee on prevention and control of corruption in banking sector
blue-check To loosen procedures for establishment of branches, agent offices of commercial banks
blue-check In 2022: Inflation shall be controlled at about 4% and credit increases by 14%
blue-check
blue-check More administrative violations in monetary and banking sector shall be subject to fines from January 1st, 2022
blue-check New regulations on period of retention of banking documents of the SBV
blue-check
blue-check [Merged] - Regulations on issuance and use of band cards
blue-check After January 1st, 2022: Magnetic ATM cards are still used to perform card transactions
blue-check Amendments to methods of delivery and receipt of banknotes among the central vaults and banks
blue-check From January 1st, 2022: Banks may issue cards electronically
blue-check Regulation on appointment and supervision of representatives of portions of state capital contributed to banks
blue-check [Merged] - Tariff of charges for payment services offered via the SBV
blue-check Charges for payment services offered via the SBV shall be further reduced from September 1st, 2021 to June 30th, 2022
blue-check From August 1st, 2021: Fees for ATM, interbank transfer transactions shall be reduced
blue-check Amendments to regulations on purchase and sale of State Bank’s treasury bills
blue-check Amendments to regulaitons on contribution of loan loss provision of the State Bank of Vietnam