On March 13th, 2019, the State Bank of Vietnam (SBV) issued Document No. 1526/NHNN-TTGSNH approving the increase of the charter capital of Siam Commercial Bank Public Company Limited - Ho Chi Minh City Branch.
Accordingly, the SBV Governor approved the increase of the Bank’s charter capital from 100,470,717 USD (One hundred million, four hundred and seventy thousand, seven hundred and seventeen United States dollars) to 130,470,717 USD (One hundred and thirty million, four hundred and seventy thousand, seven hundred and seventeen United States dollars)
Siam Commercial Bank Public Company Limited - Ho Chi Minh City Branch is responsible for: (i) developing plans and administrating the credit growth in line with the targets approved by the SBV in 2019; (ii) implementing the approved capital increase in accordance with the current laws; (iii) within 15 working days from the date of completion of the approved recapitalization, Siam Commercial Bank Public Company Limited - Ho Chi Minh City Branch has to submit to the SBV a written request for amendment of the charter capital stipulated in the Bank’s License issued by the SBV.
This document is valid for 6 months from the date of signing.
VA