On November 10, 2021, the Governor of the State Bank of Vietnam (SBV) issued Decision No. 1776/QD-NHNN revising the charter capital substance in the License for the Establishment and Operations of Tien Phong Commercial Joint Stock Bank (TPBank).
Specifically, the SBV has revised Article 2 of the License for the Establishment and Operations No. 123/GP-NHNN dated May 5, 2008 issued by the SBV Governor to TPBank, to read as follows:
“Article 2. The charter capital of TPBank is: VND 11,716,717,220,000 (Eleven thousand seven hundred sixteen billion, seven hundred seventeen million, two hundred twenty thousand Vietnamese Dongs).”
TPBank 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 in 2017) regarding the above revision.
This Decision took effect from the date of signing and is an integral part of the License for the Establishment and Operations No. 123/GP-NHNN dated May 5, 2008 issued by the SBV Governor to TPBank. Decision No. 152/QD-NHNN dated May 2, 2021 issued by the SBV Governor revising the charter capital substance in the License for the Establishment and Operations of TPBank is no longer effective from November 10, 2021.
LK