On June 29, 2022, the State Bank of Vietnam (SBV) issued Decision No. 1101/QD-NHNN revising the charter capital substance in the License for the Establishment and Operations of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank).
Accordingly, the SBV Governor has revised the charter capital substance in Article 2 of the License for the Establishment and Operations No. 26/GP-NHNN dated February 12, 2020 issued by the SBV Governor to HDBank, to read as follows:
“Article 2. The charter capital of HDBank is: VND 20,272,906,420,000 (Twenty thousand two hundred seventy-two billion, nine hundred oh six million, four hundred twenty thousand Vietnamese Dongs)”.
HDBank 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) and other relevant provisions of law 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. 26/GP-NHNN dated February 12, 2020 issued by the SBV Governor to HDBank. Decision No. 1593/QD-NHNN dated October 05, 2021 issued by the SBV Governor revising the charter capital substance in the License for the Establishment and Operations of HDBank ceased to be effective from June 29, 2022.
LK