VCB allowed to increase charter capital

The State Bank of Vietnam (SBV) issued Document No. 6469/NHNN-TTGSNH on August 17 to announce SBV’s approval for the Joint-Stock Commercial Bank for Foreign Trade of Vietnam (HOSE: VCB) to increase its charter capital to VND 19,698,045,140,000 from VND 17,587,540,310,000.

VCB should comply with procedures for the SBV Governor’s decision on revising its charter capital stipulated in its License. The Bank is responsible for registering and publicizing its new charter capital in line with the Law on Credit Institutions.

SBV

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