Procedures for changing the location of the branch office, transaction office of commercial banks

From March 15, 2022, conditions and procedures for changing locations of domestic branches and transaction offices of commercial banks are implemented in accordance with Circular 01/2022/TT-NHNN amending and supplementing Circular 21/2013/TT-NHNN .

Procedures for changing the location of the branch office, transaction office of commercial banks

Procedures for changing the location of the branch office, transaction office of a commercial bank (Illustration image)

1. Conditions for changing the location of the branch office in the country, PGD

- Having the right to legally own or use the head office of the branch or transaction office; The head office must ensure the storage of documents (except for the transaction office), convenient and safe for transactions and assets, and a full system of security and protection, power supply, communication and maintenance systems. continuously, meeting the requirements of fire prevention and fighting;

- The branch office has a safe vault according to the standards prescribed by the State Bank.

In case a commercial bank has more than one branch in the same province or city directly under the Central Government, the commercial bank must have at least one branch with a vault in accordance with the State Bank's regulations and must be responsible for transferring money of the branches that do not have a vault. vault to the branch where the vault is located after the end of trading hours each working day;

- Branches and transaction offices have an information technology system connected online with the head office, and transaction offices connect online with the management branch; ensure that the information technology system and database operate continuously, safely and securely for professional activities.

2. Dossier to change the location of the branch office in the country, PGD

(i) The commercial bank's written request for approval to change the location of the branch office, transaction office;

It clearly reports the fulfillment of the above conditions. The document specifying the location of the branch office of the transaction office;

(ii) Papers proving the lawful ownership or use of the transaction office's branch office.

3. Order of execution

- Commercial banks make 01 set of documents as prescribed in Section 2 and send them to the State Bank branch where the branch office and transaction office is located;

How to apply: send directly at the One-Stop Department or send by postal service or online.

(Currently, only the form is specified: sending in person or by post).

- Within 10 working days from the date of receiving the complete dossier as prescribed, the State Bank branch where the branch office, transaction office is located shall send a document (including electronic documents) to the commercial bank for approval. approve or disapprove the change of location of the branch office, transaction office;

In case of disapproval, the written request shall be sent to the commercial bank, clearly stating the reason.

- Within 12 months from the date the State Bank branch has written approval, the branch, transaction office of the commercial bank must come into operation at the approved location.

Past this time limit, the written approval of the State Bank branch will automatically expire.

*** In case of changing the address of the branch office in the country, the transaction office but no change in location, the commercial bank shall send a written request to the State Bank of Vietnam, the branch where the branch office is located. The transaction office confirms the change of address of the branch office in the country, transaction office. (New content added compared to Circular 21/2013/TT-NHNN )

Within 15 working days from the date of receipt of the written request of the commercial bank, the branch of the State Bank to locate the branch office in the country, the transaction office shall send a document to the commercial bank confirming the change of the address of the branch office. domestic branch, transaction office.

4. Some Notes

- Commercial banks are only allowed to change the location of the branch office of the transaction office within the province or centrally run city.

- Commercial banks are not allowed to change branch locations, transaction offices from the suburbs of Hanoi city or the suburbs of Ho Chi Minh City to the inner city of Hanoi or the inner city area. Ho Chi Minh.

Circular 01/2022/TT-NHNN takes effect from March 15, 2022. Regulations on documents of commercial banks in online form and regulations on electronic approval documents of SBV's branches take effect from December 1, 2022.

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