On June 28, 2022, the State Bank of Vietnam (SBV) issued Decision No. 1093/QD-NHNN revising the charter capital substance in the License for the Establishment and Operations of the Asia Commercial Joint Stock Bank (ACB).
Accordingly, the SBV Governor has revised the charter capital substance in Article 2 of the License for the Establishment and Operations No. 91/GP-NHNN dated September 19, 2018 issued by the SBV Governor to the ACB, to read as follows:
“Article 2. The charter capital of the ACB is: VND 33,774,350,940,000 (Thirty-three thousand seven hundred seventy-four billion, three hundred fifty million, nine hundred forty thousand Vietnamese Dongs)”.
The ACB shall be responsible for implementing the procedures as prescribed for in 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. 91/GP-NHNN dated September 19, 2018 issued by the SBV Governor to the ACB. Decision No. 1180/QD-NHNN dated July 08, 2021 issued by the SBV Governor revising the charter capital substance in the License for the Establishment and Operations of the ACB ceased to be effective from June 28, 2022.
LK