MB allowed to raise charter capital for 2009

Governor Nguyen Van Giau of the State Bank of Vietnam (SBV) issued Document No. 4367/NHNN-CNH on June 12 to permit the Military Joint-Stock Commercial Bank (MB) to increase its charter capital to VND 3,820 million from VND 3,400 million by the first issue of convertible bonds in 2007.

Under the Decision, the Governor has assigned the SBV Hanoi Branch to assess the MB’s documents in line with the applicable law, to direct and monitor the implementation in compliance with MB’s commitments to SBV and to report the results to the SBV Governor.

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