On November 6, 2023 the State Bank of Vietnam (SBV) issued Decision No.2090/QD-NHNN revising the License of the Orient Commercial Joint-stock Bank (OCB).
Accordingly, Point 4 of the License for the Operations No.0061/NH-GP dated April 13, 1996 issued by the SBV Governor to the OCB, and Paragraph c of Article 1 of Decision No.89/QD-NH5 dated April 13, 1996 of the SBV Governor on the issuance of the License for the Operations of the OCB have been revised as follows:
“Charter capital: VND 20,548,242,940,000 (Twenty thousand five hundred forty-eight billion, two hundred forty-two million, nine hundred forty thousand Vietnamese Dongs.”
The OCB is responsible for implementing the procedures in line with Paragraph 4 of Article 29 of the Law on Credit Institutions (as amended and supplemented in 2017), and other relevant regulations.
This Decision took effect from the date of signing and is an integral part of the Decision No. 89/QD-NH5 dated April 13, 1996 and the License for the Operations No. 0061/NH-GP dated April 13, 1996 issued by the SBV Governor to the OCB.
Decision No.1661/QD-NHNN dated October 21, 2021 revising the charter capital substance as written in the License for the Operations of the OCB shall cease to be effective from the date of signing of this new Decision.
Le Hang