On January 27, 2022, the State Bank of Vietnam (SBV) – Quang Nam Provincial Branch issued Decision No. 90/QD-QNA revising the contributed capital substance in the License of Cathay United Bank – Chu Lai Branch.
Accordingly, Article 2 of the License for the establishment of a foreign bank branch No. 107/GP-NHNN dated November 01, 2018 issued by the SBV Governor to Cathay United Bank – Chu Lai Branch has been revised, to read as follows:
“Article 2. The contributed capital of Cathay United Bank – Chu Lai Branch is: USD 140,000,000 (One hundred forty million United States dollars).”
Cathay United Bank – Chu Lai Branch is responsible for registering with the competent state authorities regarding the change of its contributed capital; announce the change on the mass media as required for by the provisions of Paragraph 4 of Article 29 of the Law on Credit Institutions.
This Decision took effect from the date of signing and is an integral part of the License for the establishment of a foreign bank branch No. 107/GP-NHNN dated November 01, 2018 issued by the SBV Governor to Cathay United Bank – Chu Lai Branch.
LK