The State Bank draft circular, which has been released for public comments, supplements regulations on conditions for increasing capital at subsidiaries and affiliated companies of credit institutions.
Việt Nam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders
The State Bank of Viet Nam (SBV) on Tuesday approved a Vietcombank''s
proposal to increase charter capital by VND9.327 trillion (US$416.38
million) to VND35.977 trillion.
Viet Nam National Reinsurance Corporation (Vinare), coded VNR on HNX,
has submitted to the State Securities Committee its proposal to raise
charter capital to VND1.31 trillion (US$60,000).