On October 22, 2021, the State Bank of Vietnam (SBV) issued Document No. 1667/QD-NHNN revising the charter capital substance in the License for the Establishment and Operations of Bac A Joint Stock Commercial Bank (BACABANK).
Accordingly, the SBV has revised Article 2 of the License for the Establishment and Operations No. 47/GP-NHNN dated April 16, 2019 issued by the SBV Governor to BACABANK, to read as follows:
“Article 2. The charter capital of BACABANK is: VND 7,531,355,000,000 (Seven thousand five hundred thirty-one billion, three hundred fifty-five million Vietnamese Dongs).”
BACABANK shall be responsible for implementing the applicable procedures in line with Paragraph 4 of Article 29 of the 2010 Law on Credit Institutions (as amended and supplemented in 2017) regarding 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 No. 47/GP-NHNN dated April 16, 2019 issued by the SBV Governor to BACABANK. Decision No. 1957/QD-NHNN dated November 19, 2020 issued by the SBV Governor revising the charter capital substance in the License for the Establishment and Operations of BACABANK is no longer valid from October 22, 2021.
LK