Saigon Bank gets okay to hike chartered capital to 3.5tr dong

The State Bank of Vietnam (SBV)’s governor, Nguyen Van Binh, on September 20 approved Saigon Bank for Industry and Trade (Saigon Bank) to scale up its chartered capital in 2011.
Accordingly, the bank will increase its registered capital to 3.5 trillion dong within this year.

Saigon Bank will have the responsibility for implementing the legal procedures, publicizing information, and reporting its chartered capital increase in line with current regulations.

The decision will take effect within 12 months as of the signing date.

(US$1 = 20,830.00 dong)

Tags: Saigon Bank, Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Sep 22 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry