Public Bank Việt Nam Limited was given approval from the State Bank of Việt Nam (SBV) to open three additional three branches and two more transaction offices this year, increasing its total number of branches in Việt Nam to 19.

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Public Bank Việt Nam to expand

July 14, 2018 - 09:00

HÀ NỘI — Public Bank Việt Nam Limited was given approval from the State Bank of Việt Nam (SBV) to open three additional three branches and two more transaction offices this year, increasing its total number of branches in Việt Nam to 19.

SBV has sent a document approving the establishment of the branches and transaction offices in Hà Nội and HCM City.

The bank will take responsibility for implementing procedures for the establishment following current regulations of the activities of commercial banks.

Public Bank Việt Nam has been one of nine wholly-foreign invested banks in Việt Nam under Public Bank Malaysia. Earlier, it was a joint venture between the Bank for Development and Investment of Việt Nam (BIDV) and Public Bank Malaysia established on September 30th, 1991.

The group previously opened six branches in 2017 and seven in 2016. — VNS

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