General Announcement::SBV approved the establishment of the bank with 100% ownership of VietinBank in Laos

Issuer & Securities

Issuer/ Manager
VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE
Securities
VIETINBANK US$250M8% N170517R - USY9366LAA36 - 2DEB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
22-Jan-2015 17:07:33
Status
New
Announcement Sub Title
SBV approved the establishment of the bank with 100% ownership of VietinBank in Laos
Announcement Reference
SG150122OTHRGRVL
Submitted By (Co./ Ind. Name)
Nguyen Thu Ha
Designation
IR Officer
Description (Please provide a detailed description of the event in the box below)
Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) received Dispatch No.216/NHNN-TTGSNH dated 13th January 2015 of the State Bank of Vietnam (SBV) on the establishment of the bank with 100% ownership of VietinBank in Laos.
Accordingly, SBV approved the establishment of the bank with 100% ownership of VietinBank in the People's Democratic Republic of Laos by switching from Lao branch, as follows:
- Name: Vietnam Limited Bank for Industry and Trade in Laos.
- English name: VietinBank (Lao) Limited.
- Trading name: VietinBank (Lao) Ltd.
- Address: No.29, Khounboulom Street, Vatchan Village, Chanthabouly District, Vientiane, People's Democratic Republic of Laos.
- Charter Capital: 50,000,000 USD (Fifty million US Dollar).
- Duration of operation: the remaining duration of VietinBank.
- Activities: Activities that VietinBank are allowed to perform in accordance with the laws and regulations of Vietnam and the People's Democratic Republic of Laos.

Attachments

VietinBank_ Laos.pdf
Total size =255K