Bangkok Bank has been granted a 99-year extension of its banking service license from Vietnam.
The bank has been operating in Vietnam for 50 years.
The extension will replace the 20-year license that will expire this year. The new license enables Bangkok Bank's Ho Chi Minh City and Hanoi branches to service customers until 2111.
Bangkok Bank Executive Vice President Chaiyarit Anuchitworawong said it is a great honour to win the longest license given by the State Bank of Vietnam to a foreign bank. The license reflects its confidence in Bangkok Bank.
"The license reflects the State Bank of Vietnam's confidence in Bangkok Bank's operations and experience, with more than 50 years as a leading foreign bank in Vietnam. Bangkok Bank has received great recognition and trust from the people of Vietnam and the Vietnamese government, proudly accepting a Certificate of Merit for banking excellence from 2008-2010 from the State Bank of Vietnam," he said.
Expanding its foreign network is a key strategy of Bangkok Bank, reinforcing its commitment to serve customer needs worldwide. Bangkok Bank has 26 branches in 13 economies, including local banks and a representative office. With such a strong and broad international branch network, Bangkok Bank is renowned as a leading regional bank, ready for further regional integration as the Asean Economic Community.
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