Approving The Proposal To Increase The Charter Capital Of Kienlongbank

The State Bank of Vietnam has just approved the proposal to increase the charter capital of Kien Long Commercial Joint Stock Bank (Kienlongbank). Accordingly, the State Bank approved KienlongBank to increase the maximum charter capital of 415,864,530,000 VND In the form of issuing shares to pay dividends to existing shareholders. This form of capital increase is carried out at the proposal of KienLongBank in Document No. 396 / NHKL dated 14/6/2021 and Resolution No. 02NQ-AGM-DAY April 29, 2021 of the General Meeting of Shareholders of Kienlongbank annual meeting in 2021

. The approval of the State Bank stated that Kienlongbank increased its charter capital in accordance with the law. Kienlongbank only increased its charter capital according to the provisions of this document when complying with relevant laws. In the term of 10 working days from the date of completing the issuance of shares according to French regulations Law, Kienlongbank procedures for amendments and supplements to operate licenses
This is the contents specified in Clause 4, Article 11 of Circular No. 50/2018 / TT-NHNN dated December 31, 2018 of the State Bank Regulations on dossiers, sequences and procedures for approving a number of changes in foreign commercial banks and branches. Before implementing this capital increase, KienlongBank has a charter capital of VND 3,237 billion, Equity of 4,516 billion VND. According to customer loans at the same time, 30/6/2021 is VND 35,321 billion, provision for customer loan risks is VND 347 billion. After tax profit in the first 6 months of 2021 reach VND 607 billion, basic interest on the stock is VND 1,897 / 1 share ./. Chi Tin

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