On October 11, 2019, the State Bank of Vietnam (SBV) issued Decision No. 2120/QD-NHNN revising the License of the Orient Commercial Joint Stock Bank (OCB).
Accordingly, the SBV Governor approved the revision of the substance in Article 4 of License No. 0061/NH-GP dated April 13, 1996 issued for the OCB, and Paragraph c of Article 1 of Decision No. 89/QD-NH5 dated April 13, 1996, to read as follows: “Charter capital: VND 7,898,570,750,000.”
The OCB is responsible for implementing the procedures in line with Paragraph 4 of Article 29 of the Law on Credit Institutions.
This Decision took effect from the date of signing and is an integral part of Decision No. 89/QD-NH5 dated April 13, 1996 and License No. 0061/NH-GP dated April 13, 1996 issued for the OCB. Decision No. 2011/QD-NHNN dated October 16, 2018 revising the OCB’s License ceased to be effective from the date of signing of this Decision.
Le Hang