The State Bank of Vietnam (SBV) issued Decisions No.1426/QĐ-NHNN dated July 7, 2017 on revising the License of the Vietnam Prosperity Joint – Stock Commercial Bank (VPBank).
Accordingly, the SBV Governor approved to revise Item 4 of the License No. 0042/NH-GP dated August 12, 1993 of VPBank, Article C Item 1 in the Decision No.150/QĐ-NH5 dated August 12, 1993 by the SBV Governor on licensing VPBank as follow: “Charter capital: VND 14,059,086,350,000”.
VPBank is responsible for implementing regulations in Item 4, Article 29 of Laws on Credit Institutions to implement this revision; the Banking Supervision Agency is assigned to monitor VPBank to implement this Decision.
This Decision took effect from the date of signing and is an integral part of License No. 0042/NH-GP dated August 12, 1993 of VPBank, Decision No.150/QĐ-NH5 dated August 12, 1993 by the SBV Governor on licensing VPBank.
Decision No. 300/QĐ-NHNN dated March 10, 2017 granted by SBV Governor for VPBank on revising License of VPBank ceases to be effect from the date of signing Decisions No.1426/QĐ-NHNN.
Nguyen Giang