On November 19, 2020, the State Bank of Vietnam (SBV) issued Decision No. 1957/QD-NHNN revising the License of Bac A Commercial Joint Stock Bank (Bac A Bank).
Illustrated photo (source: internet)
Accordingly, the SBV Governor has approved of the revision of the substance in Article 2 of License No. 47/GP- NHNN dated April 16, 2019 issued by the SBV Governor to Bac A Bank, to read as follows: “Charter capital of Bac A Commercial Joint Stock Bank is: VND 7,085,000,000,000 (Seven thousand eighty-five billion Vietnamese dongs)”.
Bac A Bank is responsible for implementing the procedures in line with Paragraph 4 of Article 29 of the Law on Credit Institutions (as amended and supplemented in 2017) and other applicable laws.
This Decision took effect from the date of signing and is an integral part of License No. 47/GP- NHNN dated April 16, 2019 issued by the SBV Governor to Bac A Bank. Decision No. 2647/QD-NHNN dated December 26, 2019 revising the charter capital of Bac A Bank ceased to be effective from the date of signing of this new Decision.
Le Hang