Business

Vietcombank to sell stake in Eximbank

Vietcombank will sell 5 million shares it holds in Eximbank, representing a 1.26-percent stake, as part of its effort to restructure its investment portfolio and meet stricter capital adequacy ratio (CAR) requirements, Vietcombank management board member Le Thi Hoa told Vietnam News on August 11.
Business

Techcombank to raise charter capital

Techcombank will offer about additional 149 million shares to existing shareholders in June at a ratio of 27.6 percent, and an additional 4 million shares will be offered to staff, at a price of 10,000 VND per share.
Business

Banks meet capital requirements

Three commercial banks – Orient Commercial Bank, Western Bank, and Navibank – have announced plans to comply with higher charter capital requirements by the end of the year in order to list shares on one of the nation's two stock exchanges.
Business

Bank to let loose 60 million share issue

Vietnam International Bank has been given permission to issue 60 million shares to existing stockholders to raise its charter capital to 3 trillion VND ( 157 million USD) from 2.4 trillion VND (126 million USD).
Business

VIB launches new business strategy

The Vietnam International Bank (VIB) has officially launched its business strategy for the period 2009-2013, by announcing a new strategy and a new logo with the slogan “a-dedicated bank” in Hanoi on September 9.
Business

Lending against securities up

Outstanding loans against collateral in the form of securities or real estate in the first half of the year sharply increased over last year, according to a report from the State bank of Vietnam.