On July 16, 2021, the State Bank of Vietnam (SBV) issued Decision No. 1241/QD-NHNN revising the charter capital substance in the License for the establishment and operations of CIMB Vietnam One Member Limited Liability Bank (CIMBVN).
Accordingly, Article 2 of the License for the establishment and operations of a 100% foreign-owned bank No. 61/GP-NHNN dated August 31, 2016 issued by the SBV Governor to CIMBVN has been revised, to read as follows:
The charter capital of CIMBVN is VND 3.698.200.000.000 (Three thousand six hundred ninety-eight billion, two hundred million Vietnamese Dongs).
CIMBVN 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) applicable to the above revision.
This Decision took effect from the date of signing and is an integral part of the License for the establishment and operations of a 100% foreign-owned bank No. 61/GP-NHNN dated August 31, 2016. In addition, Decision No. 712/QD-NHNN dated April 15, 2020 issued by the SBV Governor revising the charter capital substance in the License for the Establishment and Operations of CIMBVN also ceased to be effective on the date of signing of this new Decision.
LK