VIB Hosts Second Annual General Meeting 2010

The Vietnam International Commercial Joint Stock Bank (VIB) has hosted the second Annual General Meeting 2010 in Hanoi.

 

The AGM approved important contents, including amendments to the Charter of the Bank, dismissal of a supervisor, election of four members of the Board of Directors, and rescheduling of registered capital hike.

 

In early September 2010, Commonwealth Bank of Australia (CBA) officially became a strategic shareholder of VIB after acquiring 15 % of the Vietnamese lender’s stake, an equivalent of 60 million shares. After selling 60 million shares worth VND600 billion to CBA, the authorised share capital of VIB was increased to VND4,000 billion.