MDB allowed to provide insurance agent service

The Governor of the State Bank of Vietnam (SBV) issued Decision No.1408/QD-NHNN on June 29 to allow the Mekong Development Joint-Stock Commercial Bank (MDB) to act as an insurance agent.

Accordingly, the MDB is responsible for complying with the relevant regulations on the operations of an insurance agent. This new business line should be added to the Charter of the MDB, registered and publicized in line with the relevant laws.

This Decision took effect on the date of signing and is an integral part of Decision No. 181/QDD-NH5 dated September 12, 1992 and License No.0022/NH-GP of the SBV Governor dated September 12, 1992.

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