The State Bank of Vietnam issued Document No. 1381/NHNN-TTGSNH dated March 7, 2018 permitting E.SUN Commercial Bank, Ltd. – Dong Nai branch to increase its charter capital to USD 67,000,000 from USD 30,000,000.
E.SUN Commercial Bank, Ltd. – Dong Nai branch is responsible for formulating a plan and controlling credit growth in line with the target approved by the SBV in 2018; implementing the recapitalization in accordance with applicable laws. After the completion of the recapitalization, E.SUN Commercial Bank, Ltd. – Dong Nai branch is required to submit the dossiers of requesting the revision of charter capital to the SBV.
The Document is effective within 12 months from the date of signing. In case that the recapitalization is not implemented as scheduled, the Document will cease to be effective.
Le Hang