Bac A Bank allowed to increase charter capital

The Governor of the State Bank of Vietnam (SBV) issued Document No. 5951/NHNN-CNH on August 3 to permit the Bac A Joint-Stock Commercial Bank (Bac A Bank) to increase its charter capital to VND 1,792,690,910,000 from VND 1,314,788,910,000 for the first phase of 2009 at the request of the SBV Branch in Nghe An Province. Accordingly, the SBV Governor required Bac A Bank to explain the discrepancy of data (total assets, deposits in other credit institutions…) among the plan of charter capital increase, the resolution of the Shareholders’ General Meeting and the audited 2008 financial report.

The Governor asked the SBV Branch in Nghe An Province to appraise the documents submitted by Bac A Bank and approve its charter capital increase in compliance with the applicable regulations.

sbv

>   BBT: Delisting (07/08/2009)

>   CII: Transaction of affiliated institution (07/08/2009)

>   Sacombank allowed to increase charter capital (06/08/2009)

>   HMC: Extension for submitting Q2 financial statement (07/08/2009)

>   PAC: Explanation for business result in Q2/09 (07/08/2009)

>   Advances slow on both bourses (06/08/2009)

>   VCB: Explanation for business result in Quarter II/2009 (07/08/2009)

>   L10: Explanation for business result in Quarter II/2009 (07/08/2009)

>   VNM: Explanation for business result in Quarter II/2009 (07/08/2009)

>   OPC: Explanation for business result in Quarter II/2009 (07/08/2009)