On July 8, 2024, the State Bank of Vietnam (SBV) issued Document No. 5624/NHNN-TTGSNH approving of the request of Viet Capital Commercial Joint Stock Bank (BVBank) to increase its charter capital.
Accordingly, the SBV has approved BVBank’s request to increase its charter capital by a maximum amount of VND 1,391,490,000,000 (One thousand three hundred ninety-one billion, four hundred ninety million Vietnamese dongs) by:
(1) Issuing additional shares from equity sources with a maximum amount of VND 501,680,000,000 (Five hundred one billion, six hundred eighty million Vietnamese dongs);
(2) Issuing additional shares for existing shareholders with a maximum amount of VND 689,810,000,000 (Six hundred eighty-nine billion, eight hundred ten million Vietnamese dongs).
(3) Issuing additional shares through an optional program for BVBank’s employees with a maximum amount of VND 200,000,000,000 (Two hundred billion Vietnamese dongs).
These issuances are in line with the recapitalization plan adopted by the 2023 and 2024 Annual General Shareholders’ Meetings of BVBank in its Resolution No. 01/23/NQ-DHDCD dated April 26, 2023, and Resolution No. 01/24/BVBank/NQ-DHDCD dated April 19, 2024, respectively.
HY