IVB allowed to raise charter capital

The Governor of the State Bank of Vietnam (SBV), on December 2, 2008, issued Document No.10560/NHNN-CNH to permit the Indovina Joint-Venture Bank (IVB) to increase its charter capital to US$ 100 million from US$ 70 million.

Under this document, the shares of the Vietnam Bank for Industry and Trade (VietinBank) and the Cathay United Bank of Taiwan (CUB) in the new charter capital of the Indovina Bank will not change, i.e. US$ 15 million each.

IVB is required to register and publicize its new charter capital in accordance with the Vietnamese law.

VTH - M.H

SBV

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