PVF: SBV approves the merger between PVFC & Western Bank

On September 12, 2013, the State Bank of Vietnam (“SBV”) issued a decision approving the merger between Petrovietnam Finance Joint Stock Corporation (“PVFC”) and Western Joint Stock Commercial Bank (“Western Bank”). PVFC and Western Bank will be merged into Vietnam Public Joint Stock Commercial Bank (“Vietnam Public Bank”).

The new bank has a charter capital of VND9,000 billion and its headquarter at 22 Ngo Quyen, Trang Tien ward, Hoan Kiem district, Ha Noi city.        

HOSE

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