Source: Pano feed
Đăng ký: VietNam News
Truong Nam
The new bank, whose abbreviated name is PvcomBank, is headquartered in Hanoi, and has chartered capital of VND9 trillion, or some US$440 million, according to the license issued last Monday by the central bank’s governor.
The license is the final regulatory approval for the new bank to assume operations, as the central State Bank of Vietnam on September 12 had issued a decision on merging these two institutions.
The new bank will take over all assets and liabilities of the two former institutions, and within 30 days, the bank will have to complete procedures on business registration, issue a public statement on the merger, and kick-start operations.
Đăng ký: VietNam News
