On July 8, 2021, the State Bank of Vietnam (SBV) issued Decision No. 1180/QD-NHNN revising the charter capital substance in the License for the Establishment and Operations of the Asia Commercial Bank (ACB).
Accordingly, Article 2 of License No. 91/GP-NHNN dated September 19, 2018 issued by the SBV Governor to the ACB has been revised, to read as follows:
The charter capital of the ACB is VND 27.019.480.750.000 (Twenty-seven thousand nineteen billion, four hundred eighty million, seven hundred fifty thousand Vietnamese Dongs).
The ACB is responsible for implementing the procedures in line with Paragraph 4 of Article 29 of the 2010 Law on Credit Institutions (as amended and supplemented in 2017), which are applicable to the above revision.
This Decision took effect from the date of signing and is an integral part of License No. 91/GP-NHNN dated September 19, 2018. Also, Decision No. 1900/QD-NHNN dated November 3, 2020 issued by the SBV Governor revising the charter capital substance in the License for the Establishment and Operations of the ACB ceased to be valid on the date of signing of this new Decision.
LK