The State Bank of Vietnam (SBV) issued Decision No.300/QĐ-NHNN on March 10 to revise the License of the Vietnam Prosperity Joint – Stock Commercial Bank (VPBank).
Accordingly, the SBV Governor has approved the revision of Item 4 of License No. 0042/NH-GP dated August 12, 1993 for VPBank, and Item c of Article 1 of Decision No. 150/QĐ-NH5 dated August 12, 1993 as follows: “Charter capital: VND 10,765,453,000,000”.
VPBank is responsible for complying with Item 4 of Article 29 of the Law on Credit Institutions. The SBV Governor assigned the Banking Supervision Agency (Banking Supervision Division in Hanoi) to monitor the VPBank’s implementation of revised substance.
This Decision took effect on the date of signing and is an integral part of VPBank’s Decision No. 150/QĐ-NH5 dated August 12, 1993 and its License No. 0042/NH-GP. Decision No. 261/QĐ-NHNN dated March 3, 2016 on revising VPBank’s License ceased to be effective from the date of signing this Decision.
Le Hang