On July 1, 2024, the State Bank of Vietnam (SBV) issued Document No. 5402/NHNN-TTGSNH allowing Vietnam Export Import Commercial Joint Stock Bank (Eximbank) to increase its charter capital.
Accordingly, the SBV has approved of Eximbank's request to increase its charter capital by the maximum amount of VND 1,218,606,300,000 (One thousand two hundred eighteen billion, six hundred oh six million, three hundred thousand Vietnamese Dongs) by issuing additional shares to pay dividends to the existing shareholders in line with Eximbank’s Recapitalization Plan, which had been adopted by the 2024 Annual General Shareholders’ Meeting of Eximbank at its Resolution dated April 26, 2024, and approved by Eximbank’s Board of Directors at Resolution No. 156/2024/EIB/NQ-HDQT dated May 30, 2024.
Eximbank is also requested to implement the charter capital increase in compliance with the applicable laws, and the charter capital increase can only be conducted after Eximbank has ensured full compliance with the relevant provisions of laws.
Within a maximum of 10 working days from the completion date of the issuance of the new shares in accordance with the laws, Eximbank shall implement the procedures for amending and supplementing its License as stated in Paragraph 4 of Article 11 of Circular No. 50/2018/TT-NHNN dated December 31, 2018 (as amended and supplemented) stipulating the dossiers, sequences and procedures for requesting approval of a number of revised substances by the commercial banks and the foreign bank branches.
This Document is valid within 12 months from the date of its signing,
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