On November 1, 2021, the State Bank of Vietnam (SBV) issued Decision No. 1707/QD-NHNN revising the License for the Establishment and Operations of MB Shinsei Finance Limited Liability Company.
Accordingly, the SBV Governor has approved of the revision of the substance in Article 2 of License No.32/GP-NHNN dated March 13, 2020 issued by the SBV Governor to MB Shinsei Finance Limited Liability Company, to read as follows:
“Article 2. The charter capital of MB Shinsei Finance Limited Liability Company is VND 1,300 billion, of which:
- The Military Joint Stock Commercial Bank (MB) owns 50% of the charter capital;
- Shinsei Bank, Limited (Japan) owns 49% of the charter capital;
- Xuan Thanh Construction Investment and Development Company Limited owns 1% of the charter capital.”
This Decision took effect from the date of signing and is an integral part of License No.32/GP-NHNN dated March 13, 2020 issued by the SBV Governor to MB Shinsei Finance Limited Liability Company.
MB Shinsei Finance Limited Liability Company is responsible for implementing the procedures in line with Paragraph 4 of Article 29 of the Law on Credit Institutions (as amended and supplemented) and other applicable laws.
Le Hang