On December 19, 2019, the State Bank of Vietnam (SBV) issued Decision No. 2599/QD-NHNN amending and supplementing the substances in the Establishment and Operation License of Home Credit Vietnam Finance Company Limited (Home Credit Vietnam).
Accordingly, the SBV Governor has approved to amend and supplement Article 2 of the Establishment and Operation License No. 90/ GP-NHNN dated September 23, 2019 granted to Home Credit Vietnam, to read as follows:
“Article 2: The charter capital of Home Credit Vietnam Finance Company Limited is: VND 550,000,000,000 (in words: Five hundred and fifty billion Vietnamese dongs), for which Home Credit N.V. (head office in the Netherlands) owns 100% of the charter capital”.
Home Credit Vietnam is responsible for (i) implementing the revised substance in line with the applicable laws; (ii) implementing the procedures in accordance with Article 1 of the Law amending and supplementing a number of articles of the 2017 Law on Credit Institutions, Paragraph 3 of Article 18 of Circular No. 30/2015/TT-NHNN dated December 25, 2015 stipulating the granting of licenses to non-bank credit institutions.
The Decision took effect from the date of signing and is an integral part of the Establishment and Operation License No. 90/ GP-NHNN dated September 23, 2019 granted to Home Credit Vietnam.
VA