The State Bank of Vietnam (SBV) issued Document No. 7584/NHNN-TTGSNH on September 21, 2017 to allow Deutsche Bank AG- Ho Chi Minh City (HCMC) branch to increase its charter capital from USD 50,008,000 USD to USD 100,008,000.
Deutsche Bank AG- HCMC branch is responsible for complying with applicable laws. After completion of all the recapitalization procedures, Deutsche Bank AG- HCMC branch is required to submit the documents on revising its charter capital to the SBV.
The Document takes effect within 12 months from the date of signing. The Document will cease to be effective in case that the recapitalization plan of the Deutsche Bank AG- HCMC branch is not implemented within the stipulated duration.
Le Hang