On July 19, 2022, the State Bank of Vietnam (SBV) issued Decision No. 1239/QD-NHNN revising the charter capital substance in the License for the Establishment and Operations of MB Shinsei Finance Limited Liability Company (Mcredit).
Accordingly, the SBV Governor has approved of a revision in Article 2 of the License for the Establishment and Operations No. 32/GP-NHNN dated March 13, 2020 issued by the SBV Governor to Mcredit, to read as follows:
“Article 2. The charter capital of Mcredit is: VND 1,600,000,000,000 (In words: One thousand six hundred billion Vietnamese Dongs), in which: the Military Commercial Joint Stock Bank owns 50% of the charter capital; Shinsei Bank, Limited (Japan) owns 49% of the charter capital; Xuan Thanh Construction Investment and Development Company Ltd. owns 1% of the charter capital.”
This Decision took effect from the date of signing and is an integral part of the License for the Establishment and Operations No. 32/GP-NHNN dated March 13, 2020 issued by the SBV Governor to Mcredit.
Mcredit shall be responsible for implementing the applicable procedures in line with 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 revision.
LK