Official Dispatch No. 397/NHNN-TTGSNH dated January 14, 2010 of the State Bank of Vietnam making plan of charter capital increase in the fiscal year 2010

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Official Dispatch No. 397/NHNN-TTGSNH dated January 14, 2010 of the State Bank of Vietnam making plan of charter capital increase in the fiscal year 2010
Issuing body: State Bank of VietnamEffective date:
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Official number:397/NHNN-TTGSNHSigner:Duong Quoc Anh
Type:Official DispatchExpiry date:Updating
Issuing date:14/01/2010Effect status:
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Fields:Finance - Banking
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Effect status: Known

 

STATE BANK
OF VIETNAM
----------
No. 397/NHNN-TTGSNH
Re: making plan of charter capital increase in the fiscal year 2010
SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
--------------------------
Hanoi, 14 January 2010
 

To:
- State owned commercial banks
- Joint venture banks
- 100% foreign owned banks
- Non-banking CIs other than non-joint stock bank CIs
 
 
In order to ensure the implementation of charter capital increase schedule by credit institutions (CI) in accordance with provisions in the Decree No. 141/2006/ND-CP dated 22/11/2006 of the Government on the issuance of List of legal capital levels applicable to CIs (Decree 141), the Governor of the State Bank hereby requires your good unit:

1. To promptly make a plan of capital increase in the fiscal year 2010 and submit to competent levels for approval in accordance with current provisions (which clearly states progress of capital increase and solutions for the case where CIs fail to reach this level of capital).

 

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