VCB allowed to have License revised

The Governor of the State Bank of Vietnam issued Decision No. 523/QĐ-NHNN on March 22 to revise the License of the Joint-Stock Commercial Bank for Foreign Trade of Vietnam (VCB).

Accordingly, the SBV Governor approved the revision of Article 2 of its License No. 138/GP-NHNN dated May 23, 2008 to bring its charter capital up to VND 23,174,170,760,000.

The Decision took effect on the date of signing and is an integral part of Decision No. 138/GP-NHNN dated May 23, 2008.

sbv

>   Vietinbank allowed to increase charter capital in 2012 (23/03/2012)

>   Five commercial banks asked to cut lending interest rates (23/03/2012)

>   HDBank changes name (23/03/2012)

>   Dong shrinks on new forex position rules (23/03/2012)

>   PIT law taxes low income earners as well (23/03/2012)

>   Dollar market heats up (23/03/2012)

>   Vietnam appoints Standard Chartered as credit ratings adviser (22/03/2012)

>   Banks polish golden potential (22/03/2012)

>   Interest rate reductions cannot activate consumer credit (22/03/2012)

>   Banks try to slash costs by streamlining ATM system (21/03/2012)