On April 16, 2020, the State Bank of Vietnam (SBV) issued Document No. 903/HAN-TTGS2 approving the increase of the charter capital of Kookmin Bank – Hanoi Branch.
Accordingly, the SBV Governor has approved the increase of the Bank’s charter capital from USD 35,000,000 (thirty five million US dollars) to 100,000,000 USD (One hundred million US dollars) in accordance with the Bank's request.
Kookmin Bank – Hanoi Branch is responsible for carrying out the charter capital increase in compliance with the applicable laws.
Within 15 working days from the date of finalising the increase of the charter capital, Kookmin Bank – Hanoi Branch is required to submit the documents for revising its charter capital in its License to the SBV.
The Document shall be valid within 6 months from the date of signing. The Document will cease to be valid in case that the recapitalization plan of Kookmin Bank – Hanoi Branch is not implemented as scheduled.
VA