On September 10th, 2020, the State Bank of Vietnam (SBV) issued Document No. 6575/NHNN-TTGSNH approving the increase of the charter capital of Woori Bank Vietnam Limited (Woori Bank Vietnam).
Accordingly, the SBV Governor has approved the increase of the charter capital of Woori Bank Vietnam from VND 4,600,000,000,000 dongs (Four thousand six hundred billion Vietnamese dongs) to VND 7,700,000,000,000 dongs (Seven thousand seven hundred billion Vietnamese dongs) as stated in the Plan to increase the charter capital adopted by the parent bank (Woori Bank, Korea) in Decision dated August 19th, 2020.
Woori Bank Vietnam is responsible for carrying out the charter capital increase in compliance with the applicable laws; within 15 days after the completion of the recapitalization, Woori Bank Vietnam shall submit the relevant documents to the SBV with a formal request for the revision of the charter capital in its License.
The Document shall be valid within 12 months from the date of its signing.
VA