VPBank allowed to hike chartered capital to 5.77tr dong

The State Bank of Vietnam (SBV)’s governor on November 2 issued a document approving Vietnam Prosperity Commercial Joint Stock Bank (VPBank) to scale up its chartered capital from 5.05 trillion dong to 5.77 trillion dong.

The bank’s chartered capital increase plan was passed by the annual general meeting (AGM) on April 24, 2012 whereby the additional chartered capital of 720 billion dong was from its retained profit and additional reserve fund.

The SBV’s governor assigned SBV’s Hanoi branch to take on responsibilities for receiving and evaluating the dossiers about amendments of contents related to the chartered capital in the operation license of VP Bank and submit to the SBV Governor (through the inspection and supervision agencies) for consideration and decision.

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