SBV revokes National Australian Bank’s representative office license
The central bank has issued Decision No. 1197/QD-NHNN on June 7 to invalidate National Australian Bank (NAB)’s license to operate as a representative office in Hanoi.
The central bank has issued Decision No. 1197/QD-NHNN on June 7 to invalidate National Australian Bank (NAB)’s license to operate as a representative office in Hanoi.
Total outstanding loans to May 25 grew 6.53% year-on-year, much higher than the 5% and 4.5% in the same period of 2016 and 2015, respectively, according to the central bank.