Maritime Bank allowed to increase charter capital

The State Bank of Vietnam (SBV) issued Official Letter No.6882/NHNN-TTGSNH on September 13 to permit the Vietnam Maritime Joint-Stock Commercial Bank (Maritime Bank) to increase its charter capital for 2010.

Accordingly, the Maritime Bank is allowed to increase its charter capital to VND 5,000 billion from VND 3,000 billion  under its recapitalization plan approved by the General Shareholders’ Meeting on March 29, 2010 and Resolution No. 22D/2010/NQ-HĐQT of the Board of Directors dated August 9, 2010 on adjusting recapitalization plan for 2010.

The Maritime Bank is required to comply with applicable laws and other relevant legal texts. In addition, the Bank is responsible for requiring its shareholders to comply with the applicable laws.

This document is effective within 12 months from the date of signing. It will cease to be effective in case that the recapitalization plan of the Maritime Bank is not carried out as scheduled, and that its General Shareholders’ Meeting adopts a change of the recapitalization plan which has already been approved by the SBV.

Diem Hang

>   DC2: Notice of record date for seasoned issue (16/09/2010)

>   VCB: The BOD’s resolution (16/09/2010)

>   BVH: Receiving a certificate for an additional issuance of stock (10/09/2010)

>   SBS: Charter capital increases (08/09/2010)

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