VIETNAM - RUSSIA JOINT VENTURE BANK ANNOUNCES CHANGE IN CHARTER CAPITAL
On 12/12/2024, the State Bank of Vietnam (SBV) issued Decision No. 756/QD-TTGSNH1 on amending the charter capital content stated in the Establishment and Operation License of Vietnam-Russia Joint Venture Bank (VRB).
Accordingly, the SBV amended the charter capital content stated in the Establishment and Operation License of VRB No. 88/GP-NHNN dated September 18, 2018 of VRB as follows: The charter capital of VRB is 170,202,020 USD (One hundred and seventy million two hundred and two thousand and twenty US dollars).
In which:
- Vietnamese side: Joint stock Commercial Bank for Investment and Development of Viet Nam contributes 84,250,000 USD (Eighty-four million two hundred and fifty thousand US dollars), equal to 49.5% of charter capital; NGS Telecommunication and Equipment Joint Stock Company contributes 1,702,020 USD (One million seven hundred and two thousand twenty US dollars), equal to 1% of charter capital.
- Foreign side (Russian Federation): VTB Bank (Public Joint-Stock Company) contributes 84,250,000 USD (Eighty-four million two hundred and fifty thousand US dollars), equal to 49.5% of charter capital.
The above changes have been widely announced on the information disclosure media as prescribed.
Accordingly, the SBV amended the charter capital content stated in the Establishment and Operation License of VRB No. 88/GP-NHNN dated September 18, 2018 of VRB as follows: The charter capital of VRB is 170,202,020 USD (One hundred and seventy million two hundred and two thousand and twenty US dollars).
In which:
- Vietnamese side: Joint stock Commercial Bank for Investment and Development of Viet Nam contributes 84,250,000 USD (Eighty-four million two hundred and fifty thousand US dollars), equal to 49.5% of charter capital; NGS Telecommunication and Equipment Joint Stock Company contributes 1,702,020 USD (One million seven hundred and two thousand twenty US dollars), equal to 1% of charter capital.
- Foreign side (Russian Federation): VTB Bank (Public Joint-Stock Company) contributes 84,250,000 USD (Eighty-four million two hundred and fifty thousand US dollars), equal to 49.5% of charter capital.
The above changes have been widely announced on the information disclosure media as prescribed.
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