Maritime Bank allows to acquire textile finance JSC
Maritime Bank (MSB)’s request to take over Textile and Garment Finance Joint Stock Company (TFC) has recently received approval from the State Bank of Vietnam (SBV).
Maritime Bank (MSB)’s request to take over Textile and Garment FinanceJoint Stock Company (TFC) has recently received approval from the StateBank of Vietnam (SBV).
Under Official LetterNo.1003/NHNN-TTGSNH, the SBV Governor agreed in principle the mergerplan approved by Boards of Directors of MSB and TFC.
TFC is a subsidiary of the Vietnam National Textile and Garment Group (Vinatex).
MSB is requested to complete paperwork required in Point 2, Article19, Circular 04/2010/TT-NHNN of the SBV on the merger and acquisition ofcredit institutions.-VNA
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