On September 27th, 2018, the State Bank of Vietnam (SBV) issued Decision No. 1864/QD-NHNN revising the charter capital in the license for the Establishment and Operations of the Finance Company Limited of Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) (a.k.a. FE CREDIT).
Accordingly, the SBV Governor approved the revision of the charter capital as stipulated in Article 2 of the Establishment and Operation License No. 64/GP-NHNN dated October 20th, 2017 issued for FE CREDIT, as follows: “3. Charter Capital: VND 7,328,000,000,000 (Seven thousand three hundred and twenty eight billion Vietnamese dongs), which is 100% owned by Vietnam Prosperity Joint-Stock Commercial Bank."
This Decision takes effect from the date of signing and is an integral part of License No. 64/GP-NHNN dated October 20th, 2017.
FE CREDIT is responsible for carrying out the procedures for amending and supplementing the charter capital in accordance with the approved revision of the charter capital, the business registration, and shall announce the changes and report to the SBV on the implementation (through the Banking Supervision Agency) in accordance with the provisions of the Law on Credit Institutions and the relevant provisions of law.
VA