Cathay Bank's Chu Lai branch to raise chartered capital

Cathay United Bank's Chu Lai branch may hike its chartered capital after The State Bank of Vietnam governor Nguyen Van Giau approved the application.

Accordingly, Cathay United Bank's Chu Lai branch will scale up its registered capital from current $14 million to $45 million.

SBV's governor also required Cathay United Bank's Chu Lai branch to be responsible for hiking charter capital, registering to authorities and publishing the information in accordance with the current regulations.