VPBank allowed to increase charter capital

The Governor of the State Bank of Vietnam (SBV) issued Decision No.5762/NHNN-TTGSNH on August 3 to permit the Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) to increase its charter capital for 2010.

Accordingly, VPBank is allowed to increase its charter capital to VND 4,000 billion from VND 2,117,474,330,000 under its recapitalization plan approved by the General Shareholders’ Meeting on March 16, 2010.

VPBank is required to comply with applicable laws and other relevant legal texts.

The Decision takes effect within 12 months from the date of signing.

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