On July 4th, 2019, the State Bank of Vietnam (SBV) issued Decision No. 1482/QD-NHNN on the amendment of the charter capital of the Public Bank Vietnam Limited (Public Bank Vietnam).
Accordingly, the SBV Governor approved the amendment of the charter capital stipulated in Article 2 of the License for the establishment and operations of a 100% foreign owned bank No. 38/GP-NHNN dated March 24th, 2019 issued by the SBV Governor to Public Bank Vietnam, to read as follows: “The charter capital of Public Bank Vietnam is VND 6,000,000,000,000 (in words: Six thousand billion Vietnamese dongs)”.
Public Bank Vietnam is responsible for implementing the provisions of Paragraph 4, Article 29 of the Law on Credit Institutions.
This decision takes effect from the date of signing and shall replace Decision No. 1427/QD-NHNN dated July 2nd, 2019 on the amendment of the charter capital in the License of Public Bank Vietnam.
This Decision is an integral part of the License for the establishment and operations of 100% foreign owned bank No. 38/GP-NHNN dated March 24th, 2019 issued by the SBV Governor to Public Bank Vietnam.
VA