The State Bank of Vietnam (SBV) issued Decision No. 1624/QD-NHNN dated August 10th, 2018 revising the charter capital related content in the Establishment and Operation License of Vietnam Technological and Commercial Joint Stock Bank (Techcombank).
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Accordingly, the SBV Governor approved the amendment of the content at Article 2 License No. 38 / GP-NHNN on Establishment and Operation of the commercial joint stock bank No. 38/GP-NHNN dated March 6th, 2018 to Techcombank as follows: “Charter capital of Vietnam Technological and Commercial Joint Stock Bank is VND 34,965,921,600,000 (Thirty four thousand nine hundred sixty five billion nine hundred twenty one million six hundred thousand dongs).”
Techcombank is responsible for implementing the procedures stipulated in Paragraph 3 Article 18b of Circular No. 40/2011/TT-NHNN issued by the SBV Governor on December 15th, 2011 regulating the licensing and organization and operation of commercial banks, branches of foreign banks, representative offices of foreign credit institutions or other foreign organizations engaging in banking activities in Vietnam (amended and supplemented by Circular No. 17/2017/TT-NHNN) with regard to the above-mentioned amendment.
This Decision takes effect from the signing date and is an integral part of License No. 38/GP-NHNN dated March 6th, 2018 issued by SBV Governor to Techcombank.
VA