Shareholders approve the strategy on overseas network expansion
On 26th August 2013, the shareholders of VietinBank have approved the Resolution No.10/NQ-DHDCD on the strategy on overseas network expansion of VietinBank as follows:
- For the period from 2013-2015: Upgrading VietinBank Laos Branch into a wholly-owned subsidiary; establishing VietinBank’s subsidiaries in Czech Republic, Republic of Poland, the Kingdom of Cambodia, The Kingdom of Thailand and The Republic of the Union of Myanmar.
- For the period 2015-2020: Establishing VietinBank’s Subsidiaries in the United Kingdom, France, Canada, and the United States of America.
- Assign and authorize the Board of Directors of Vietnam Joint Stock Commercial Bank for Industry and Trade to implement the Bank’s overseas network expansion in accordance with the applicable laws and the requirements of The State Bank of Vietnam on operational capacity, financial capacity, business efficiency and capital adequacy.
The Resolution was made based on the result of counting shareholders' votes in written form according to Vote Count Minutes No.10/BB-DHDCD dated 26th August 2013 and came into effect from 26th August 2013.
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