On July 15, 2022, the State Bank of Vietnam (SBV) issued Decision No. 1205/QD-NHNN revising the charter capital substance in the License of CIMB Vietnam One Member Limited Liability Bank (CIMBVN).
Accordingly, the SBV has approved of a revision in Article 2 of the License for the Establishment and Operations of a 100% foreign-owned bank No. 61/GP-NHNN dated August 31, 2016 issued by the SBV Governor to CIMBVN, to read as follows:
“Article 2. The charter capital of CIMBVN is: VND 3,923,200,000,000 (Three thousand nine hundred twenty-three billion, two hundred million Vietnamese Dongs).
CIMBVN shall be responsible for implementing the applicable procedures in line with Paragraph 4 of Article 29 of the 2010 Law on Credit Institutions (as amended and supplemented).
This Decision took effect from the date of signing and is an integral part of the License for the Establishment and Operations of a 100% foreign-owned bank No. 61/GP-NHNN dated August 31, 2016 issued by the SBV Governor to CIMBVN.
Decision No. 1241/QD-NHNN dated July 16, 2021 ceased to be effective from July 15, 2022.
LK