The Hanoi Building Bank (Habubank, stock code: HBB) will merge into the Hanoi Saigon Bank (SHB) on August 28, 2012 following a recent approval by the Governor of the State Bank of Vietnam (SBV).

Under the decision signed on August 7, SHB has the responsibility of receiving all legitimate assets, rights, obligations and interests of Habubank, completing all procedures on business registration and announcement for the merger in accordance with the law within 15 working days since the decision takes effect.

Meanwhile, Habubank is responsible for announcing the termination of its operation and handling its related rights and obligations in line with the law.