Nam A Bank was approved to increase its charter capital by an additional 1,900 billion VND

DNHN - The State Bank of Vietnam has just approved the increase of the maximum charter capital of Nam A Commercial Joint Stock Bank (Nam A Bank) by VND 1,900 billion.

Banking transactions at Nam A Bank.
Banking transactions at Nam A Bank.

In which, the maximum charter capital is increased by nearly 1,230 billion VND through issuing shares to pay dividends, and the maximum charter capital is increased by more than 670 billion VND by issuing shares to increase share capital from equity according to the plan to increase charter capital approved by the Bank's General Meeting of Shareholders in the Resolution of the 2022 Annual General Meeting of Shareholders on April 29, 2022.

The document clearly states that Nam A Bank will increase its charter capital in accordance with the law; including compliance with the limit on share ownership of shareholders, shareholders and related persons of such shareholder as prescribed by the Law on Credit Institutions 2010 (amended and supplemented) and other guidance documents of the State Bank after raising capital.

The meeting approved the plan to increase charter capital by 4,000 billion VND from 6,564 billion VND to 10,564 billion VND. The plan to increase capital in 4 components includes issuing more than 122.9 million shares to pay dividends, equivalent to more than 1,229 billion VND, and issuing 67 million shares to increase share capital from the corresponding equity with more than 670 billion VND. In addition, the bank also offered 50 million shares to the public to existing shareholders equivalent to 500 billion VND and offered 160 million individual shares, equivalent to 160 million 1,600 billion VND.

Nam A Bank may only increase its charter capital according to the provisions of this document when it complies with the provisions of law. According to the direction of the State Bank of Vietnam, the charter capital of Nam A Bank will increase by VND 1,900 billion from VND 6,564 billion to VND 8,464 billion after completing the capital increase plan.

PV (t/h)

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