On November 23, 2022, the State Bank of Vietnam (SBV) issued Decision No. 1958/QD-NHNN revising the charter capital substance in the License for the Operations of Vietnam Maritime Commercial Joint Stock Bank (MSB).
Specifically, the SBV Governor has decided to revise Paragraph 4 of the License for the Operations No. 0001/NH-GP dated June 08, 1991 issued by the SBV Governor to MSB, and Paragraph c of Article 1 of Decision No. 68/QD-NH dated June 08, 1991 of the SBV Governor issuing the License for the Operations of Vietnam Maritime Commercial Joint Stock Bank, to read as follows:
“The charter capital: VND 19,857,500,000,000 (Nineteen thousand eight hundred fifty-seven billion, five hundred million Vietnamese Dongs).”
MSB 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 revised substance.
This Decision took effect from the date of signing and is an integral part of the License for the Operations No. 0001/NH-GP dated June 08, 1991 issued by the SBV Governor to MSB and Decision No. 68/QD-NH dated June 08, 1991 of the SBV Governor issuing the License for the Operations of MSB.
Decision No. 1883/QD-NHNN dated November 23, 2021 of the SBV Governor revising the charter capital substance in the License for the Operations of MSB ceased to be effective from November 23, 2022.
LK