The State Bank of Viet Nam on Thursday approved the chartered capital increase of the wholly foreign invested CIMB Viet Nam Bank from the current VND3.47 trillion (US$150.5 million) to VND3.69 trillion ($160.1 million).

Accordingly, the central bank promulgated Decision No 1241/QD-NHNN amending the charter capital of the bank’s licence.

In the past two years, CIMB Viet Nam has continuously increased its charter capital, showing its commitment to long-term development in the country.

Thomson Fam Siew Kat, CEO of CIMB Viet Nam, said: “CIMB considers Viet Nam as one of the most dynamic finance and banking markets in Asia and also one of our priorities. The charter capital increase would help us expand our investment, focusing on providing Vietnamese customers with modern finance and banking products as well as improving their experiences on high-quality products and services. CIMB has also signed partnership agreements with some strong partners in Viet Nam to complete our digital banking ecosystem.”

CIMB Viet Nam under CIMB Group – one of the biggest investment banks in Asia, now has more than 34,000 staff, providing services to over 16 million customers worldwide. CIMB Viet Nam, which officially received a licence in Viet Nam in 2016, has branches in two big cities of Ha Noi and HCM City. It has focused on the development of a modern and creative digital banking model. — VNS