On November 28, 2022, the State Bank of Vietnam (SBV) issued Document No. 2006/QD-NHNN revising the charter capital substance in the License for the Establishment and Operations of Vietnam Prosperity Joint Stock Commercial Bank (VPBank).
Specifically, the SBV Governor has approved of the revision of Article 2 of the License for the Establishment and Operations No. 94/GP-NHNN dated September 28, 2018 issued to VPBank, to read as follows:
“Article 2. The charter capital of VPBank is: VND 67,434,236,010,000 (In words: Sixty seven thousand four hundred thirty-four billion, two hundred thirty-six million, ten thousand Vietnamese Dongs).”
VPBank 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-mentioned revised substance.
This Decision took effect from the date of signing and is an integral part of the License for the Establishment and Operations No. 94/GP-NHNN dated September 28, 2018 issued by the SBV Governor to VPBank.
Decision No. 1786/QD-NHNN dated November 15, 2021 issued by the SBV Governor revising the charter capital substance in the License for the Establishment and Operations of VPBank shall be no longer effective from November 28, 2022.
LK