On May 20, 2022, The State Bank of Vietnam (SBV) – Ho Chi Minh City Branch issued Document No. 436/QD-HCM revising the charter capital in the License of JPMorgan Chase, N.A. - Ho Chi Minh City (HCMC) Branch.
Accordingly, the SBV – Ho Chi Minh City Branch has decided to revise the charter capital substance as stated in Article 1 of the License for the Establishment and Operations of a foreign bank branch No. 09/NH-GP dated July 27, 1999 issued by the SBV Governor to JPMorgan Chase, N.A. – HCMC Branch, to read as follows: "Charter capital: USD 200,000,000" (in words: two hundred million United States dollars).
JPMorgan Chase, N.A. – HCMC Branch is responsible for registering with the competent authorities and publicizing the revised substance as required in Paragraph 4 of Article 29 of the 2010 Law on Credit Institutions.
This Decision took effect from the date of signing and shall replace Decision No. 2186/QD-NHNN dated October 5, 2011, and is an integral part of the License for the Establishment and Operations of a foreign bank branch No. 09/NH-GP dated July 27, 1999 issued by the SBV Governor to JPMorgan Chase, N.A. – HCMC Branch.
Le Hang