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Banking & Finance

Standard Chartered Vietnam increases charter capital

Released at: 16:33, 30/09/2015

Standard Chartered Vietnam increases charter capital

SBV gives approval to increase from $133.47 million to $137.02 million.

by Hung Nguyen

The State Bank of Vietnam (SBV) signed Document No. 7364/NHNN-TTGSNH on September 28 approving an increase to the charter capital of Standard Chartered Vietnam from VND3 trillion ($133.47 million) to VND3.08 trillion ($137.02 million), under a plan proposed by its parent bank and its board of management.

Standard Chartered Vietnam is responsible for preparing plans and supervising credit growth so it is suitable with targets approved by the SBV, implementing the increase to charter capital in accordance with the law, and after increasing charter capital submitting documents on adjustments to its license.

The SBV document expires 12 months from the day of signing.

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