On March 10, 2020, the State Bank of Vietnam (SBV) issued Decision No. 392/QD-NHNN revising the License of Lotte Finance Vietnam Co., Ltd. (LotteFinance).
Accordingly, the SBV Governor has approved of the modification of the charter capital of LotteFinance from VND 600 billion to VND 991,157,610,643 by revising Article 2 of License No. 102/GP-NHNN dated November 19, 2020 issued for Lotte Finance Vietnam Co., Ltd., to read as follows: “Article 2. Charter capital of Lotte Finance Vietnam Co., Ltd. is VND 991,157,610,643, which is wholly owned by Lotte Card Co., Ltd”.
This Decision took effect from the date of signing and is an integral part of License No. 102/GP-NHNN dated November 19, 2019 issued for Lotte Finance Vietnam Co., Ltd.
LotteFinance is responsible for implementing the procedures of amending and supplementing its Regulations, registering and publicizing the revised substance, and reporting on the implementation to the SBV in line with the regulations of the Law on Credit Institutions and other relevant legal documents.
Le Hang