State Bank of Vietnam (SBV) issued Decision No 449/QD-NHNN on March 10 giving approval to Global Petroleum Commercial Joint Stock Bank (GP Bank) to establish the loans management one-member Co Ltd.
Accordingly, GP Bank Loans and Asset Management Co Ltd has its head office at 10A7 Tran Dai Nghia St, Dong Tam Ward, Hai Ba Trung Dist, Hanoi with chartered capital of 50 billion dong.
GP Bank takes responsibility for establishing, managing and operating the loans management company in accordance with the current state laws and bank's regulations.
The governor has assigned State Bank of Vietnam – Hanoi Branch for guiding, managing, supervising the establishment and operation of GP Bank's new company.
In the middle of January 2010, GP Bank had already increased its chartered capital from 1 trillion dong to 2 trillion dong.
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