On December 28, 2023, the State Bank of Vietnam (SBV) issued Document No.10044/NHNN-TTGSNH allowing Nam A Joint Stock Commercial Bank (NAB) to contribute capital and purchase shares of VIS Rating Joint Stock Company (VIS Rating).
Specifically, the SBV has approved of NAB’s request to contribute capital and purchase shares of VIS Rating with the maximum amount of VND 10,520,280,000 (equivalent to the ownership ratio of 10.2% of the charter capital of VIS Rating) upon NAB’s request.
NAB is responsible for implementing the procedures for contributing capital and purchasing shares of VIS Rating in accordance with the applicable laws (including the regulations as stipulated in Circular No. 51/2018/TT-NHNN dated December 31, 2018 on the conditions, required documents, sequences and procedures for approval of a capital contribution and/or a share purchase by a credit institution). In the same Document, NAB is also requested to ensure the prudent ratio and the actual value of the charter capital before and at the time of the completion of the capital contribution and share purchase as approved by the SBV.
The Document will cease to be valid if NAB does not complete the capital contribution and share purchase of VIS Rating within 12 months from the date of its signing.
Le Hang