The State Bank of Vietnam (SBV) has issued Decision No.1900/QD-NHNN dated November 3, 2020 revising the License for the establishment and operations of the Asia Commercial Joint Stock Bank (ACB).
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Accordingly, the SBV has revised Article 2 of License No. 91/GP-NHNN dated September 19, 2018 issued by the SBV Governor to the ACB, to read as follows: “Charter capital of the Asia Commercial Joint Stock Bank is 21,615,584,600,000 VND (Twenty one thousand six hundred fifteen billion, five hundred eighty four million, six hundred thousand Vietnamese dongs).”
The ACB is responsible for implementing the provisions in Paragraph 4, Article 29 of the 2010 Law on Credit Institutions (as amended and supplemented) and other applicable laws which are relevant to this revision.
This Decision took effect from the date of signing and is an integral part of License for the Establishment and Operations No. 91/GP-NHNN dated September 19, 2018 issued by the SBV Governor to the ACB. Point 2, Article 1 of Decision No. 2438/QD-NHNN dated November 22, 2019 of the SBV Governor revising the License for the Establishment and Operations of the ACB shall become invalid from the effective date of this Decision.
VA