Military Bank, VPBank to augment charter capital hinh anh 1A transaction office of the Military Bank (Photo: Military Bank)

Hanoi (VNA) – The State Bank of Vietnam recently approved proposals to raise charter capital at the Military Commercial Joint Stock Bank (MB) and the Vietnam Prosperity Joint Stock Commercial Bank (VPBank).

The MB plans to augment its charter capital from nearly 17.13 trillion VND (753.72 million USD) to 18.15 trillion VND (798.6 million USD).

Meanwhile, VPBank aims to boost its charter capital from nearly 14.06 trillion VND (618.64 million USD) to 15.7 trillion VND (690.8 million USD).

The increases were agreed by MB and VPBank shareholders at their annual meetings last April.

The central bank requested MB and VPBank raise charter capital in line with legal regulations, including those on share ownership limits for shareholders.-VNA