VAB allowed to increase charter capital for 2009

The Governor of the State Bank of Vietnam (SBV) issued Document No. 6727/NHNN-TTGSNH on August 31 to permit the Viet A Joint-Stock Commercial Bank (VAB) to increase its charter capital to VND 1,631,801,830,000 from VND 1,359,834,860,000 at the request of the SBV Branch in Ho Chi Minh City.

The Governor asked the SBV Branch in Ho Chi Minh City to appraise the documents submitted by the VAB and approve its charter capital increase in compliance with the applicable regulations. In addition, the SBV Governor required the Saigon Jewelry Holding Company (SJC) as a shareholder of this bank to prove its financial capacity in its capital contribution to VAB in compliance with laws.

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