The SBV has approved of the changes to the substances of the head office’s address and the charter capital as written in the License of Indovina Bank Limited (IVB), specifically as follows:
1. Change in the head office’s address:
- The new head office’s address: No.97A Nguyen Van Troi Street, Phu Nhuan Ward, Ho Chi Minh City.
2. Change in the charter capital substance:
- The charter capital of Indovina Bank Limited is 252,000,000 USD (In words: Two hundred fifty two million United States dollars), in which:
• For the Vietnamese side: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) contributes USD 126,000,000 (in words: One hundred twenty-six million United States dollars), equal to 50% of the charter capital.
• For the foreign partner’s side (Taiwanese): Cathay United Bank contributes USD 126,000,000 (in words: One hundred twenty-six million United States dollars), equal to 50% of the charter capital.
This Decision took effect from the date of signing and is an integral part of License No. 101/GP-NHNN dated November 11, 2019 issued by the SBV Governor to the IVB.
The IVB is responsible for implementing the procedures in line with the applicable legal regulations.
HY