SeABank to Set Up Debt, Asset Management Affiliate
The Governor of the State Bank of Vietnam (SBV) has approved the Southeast Asia Commercial Joint Stock Bank (SeAbank) to set up a debt and asset management company, the SBV said on December 3.
SeABank’s debt and asset management company will operate with a chartered capital of VND200 billion and will be headquartered at No 16 Lang Ha, Ba Dinh Dist in Hanoi.
The SBV has asked SeABank to establish and run the operation of its debt and asset management arm in accordance with the current regulations of the law and SeABank's regulations on organization and operation.
At the same time, SeABank must require this subsidiary to make business registration and put an advertisement in the paper according to the law's current regulations. (SBV)
Vietnamese
