On 21 January 2025, the State Bank of Vietnam (SBV) issued Decision No. 125/QD-NHNN revising the License for the Establishment and Operations of Fortune Vietnam Joint Stock Commercial Bank (LPBank).
Accordingly, Article 2 of License No. 91/GP-NHNN dated 28 March 2008 issued by the SBV Governor to LPBank has been revised, to read as follows:
“Article 2. The charter capital of Fortune Vietnam Joint Stock Commercial Bank is 29,872,821,000,000 VND (in words: Twenty-nine thousand eight hundred and seventy-two billion, eight hundred and twenty-one million Vietnamese Dongs)”.
LPBank is responsible for implementing the regulations as stated in Paragraph 4 of Article 37 of the 2024 Law on Credit Institutions, and other applicable legal regulations.
This Decision took effect from the date of signing and is an integral part of License No. 91/GP-NHNN dated 28 March 2008 issued by the SBV Governor to LPBank.
Decision No. 2486/QD-NHNN dated 28 December 2023 of the SBV Governor revising the charter capital substance in the License of LPBank ceased to be effective from the date of signing of this new Decision.
HP