The Governor of the State Bank of Vietnam (SBV) issued Decision No. 349/QĐ-NHNN on February 24 to allow the VietinBank Leasing Company (VietinBankLC) to conduct additional operations.
Accordingly, the VietinBankLC is permitted to conduct several additional operations as follows: mobilization (accepting deposits for the terms of one year and above from entities and individuals; borrowing short, mid and long-term loans from foreign and domestic credit institutions; issuing bonds, deposit certificates and other valuable papers with over one year term for the purpose of capital mobilization; and accepting other financial resources in compliance with the applicable laws); providing leasing to individuals, households and institutions; purchasing and rerenting in the form of leasing; providing syndicated leasing in accordance with the SBV regulations; conducting trust services, asset management and guarantee related to leasing; making professional sale of receivables from leasing contracts for entities and individuals in accordance with the SBV regulations; and equity investment and participation in the money market in line with law.
The VietinBankLC is responsible for complying with the applicable regulations on additional operations to be incorporated into the Charter of the Company, and registered and publicized in accordance with the existing laws.