On October 06, 2022, the State Bank of Vietnam (SBV) issued Decision No. 1700/QD-NHNN revising the charter capital substance in the License for the Establishment and Operations of the Military Commercial Joint Stock Bank (MB).
Specifically, the SBV Governor has decided to revise Article 2 of the License for the Establishment and Operations No. 100/GP NHNN dated October 16, 2018 issued by the SBV Governor to the MB, to read as follows:
“Article 2. The charter capital of the MB is: VND 45,339,861,330,000 (In words: Forty-five thousand three hundred thirty-nine billion, eight hundred sixty-one million, three hundred thirty-three thousand Vietnamese Dongs).”
The MB shall be responsible for implementing the procedures as prescribed for in Paragraph 4 of Article 29 of the 2010 Law on Credit Institutions (as amended and supplemented in 2017) and other relevant provisions of law regarding the above revised substance.
This Decision took effect from the date of signing and is an integral part of the License for the Establishment and Operations No. 100/GP NHNN dated October 16, 2018 issued by the SBV Governor to the MB.
Decision No. 1319/QD-NHNN dated August 10, 2021 of the SBV Governor revising the charter capital substance in the License for the Establishment and Operations of the MB ceased to be effective from October 06, 2022.
LK