The Governor of the State Bank of Vietnam (SBV) issued Decision No.1382/QĐ-NHNN dated July 6, 2016 on revising the license of Orient Joint Stock Commercial Bank (OCB).
Accordingly, SBV Governor decided to revise content in Point 4 of License of the OCB No. 0061/NH-GP dated April 13, 1996; Item c Article 4 of Decision No.89/QĐ-NH5 dated April 13th 1996 granted for the OCB, specificly: “Charter Capital: VND 4,000 billion (Four thousand billion VND)”.
OCB is responsible for complying with regulations in line with Item 4 of Article 29 of the Law on Credit Institutions; Banking Supervision Agency (HCMC Banking Supervision Department) is tasked to guide and monitor the implementation the Decision.
The Decision take effect from the date of signing and is an integral part of Decision No. No. 89/QĐ-NH5 dated April 13th 1996, License No.0061/NH-GP dated April 13th 1996 granted for OCB. Concurrently, this document replaces Decision No. 1059/QĐ-NHNN dated May 27, 2015 issued by SBV Governor on revising License for the changes of OCB charter capital.
Nguyen Giang