Shinhan Vietnam Bank allowed to increase charter capital

The State Bank of Vietnam (SBV) issued Official Letter No.8126/NHNN-TTGSNH on October 25 to allow the Shinhan Vietnam Bank to increase its charter capital from VND 1,670 billion to VND 3,000 billion as contributed by capital resources of the Seoul-based Shinhan Bank.

The Shinhan Vietnam Bank  is responsible for registering and publicizing its new charter capital, and sending a written request with the attachment of a photocopy of business registration with the new charter capital to the SBV for approval of charter capital adjustment in License No.314/GP-NHNN dated December 29, 2009 and its Charter in accordance with the applicable laws.

In addition, the Bank is required to comply with Decree No.141/2006/ND – CP of the Government dated November 22, 2006 on legal capital of credit institutions.

This Document supersedes Document No.6031/NHNN –TTGSNH of the SBV Governor dated August 11, 2010 on recapitalization of the Shinhan Vietnam Bank.

Diem Hang

sbv

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