EIB allowed to increase charter capital

The Governor of the State Bank of Vietnam (SBV) issued Decision No. 6533/NHNN-TTGSNH on August 19 to permit the Vietnam Export and Import Commercial Joint-Stock Bank (HOSE: EIB) to increase its charter capital to VND 12,355,280,440,000 from VND 10,560,068,750,000 under its recapitalization plan adopted by its General Shareholders’ Meeting on April 23, 2011.

EIB is responsible for registering and publicizing its new charter capital in accordance with law. Additionally, EIB should send a report on the completion of recapitalization to the SBV (SBV branch in Ho Chi Minh City) for the new charter capital adjustment in its license.

This Document takes effect within 12 months from the date of signing. It will cease to be effective in case that recapitalization of EIB is not implemented as scheduled, and that the General Shareholders’ Meeting adopts the change of the recapitalization plan which has already been approved by the SBV.

SBV

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