The State Bank of Vietnam (SBV) issued Decision No. 620/QĐ-NHNN on March 30 to revise substance concerning with charter capital in License of Military Commercial Joint – Stock Bank (MB).
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Accordingly, the SBV Governor has approved the revision of Item 4 of License No. 0054/NH-GP dated September 14, 1994 of the SBV Governor for the MB and Item 4 of Article 1 of Decision No. 194/QĐ-NH5 dated September 14, 1994 as follows : “Charter capital: VND 17,127,409,090,000”.
MB is responsible for implementing procedures as stipulated in Item 3 of Article 18b of Circular No. 40/2011/TT-NHNN dated December 15, 2011 on granting a license to commercial banks, foreign bank branches, the representative offices of foreign banks and other foreign institutions with banking operations in Vietnam (as revised by Circular No. 08/2015/TT-NHNN dated June 30, 2015).
Decision No. 620/QĐ-NHNN took effect from the date of signing and is an integral part of License No. 0054/NH-GP dated September 14, 1994 of the SBV Governor for the MB and Item 4 of Article 1 of Decision No. 194/QĐ-NH5 dated September 14, 1994.
Decision No. 1593/QĐ-NHNN dated August 5, 2016 on revising charter capital of MB ceased to be effective from the date of signing Decision No. 620/QĐ-NHNN.
Le Hang