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Techcombank announces it will list shares on UPCoM

Apr 12th at 14:02
12-04-2016 14:02:25+07:00

Techcombank announces it will list shares on UPCoM

The Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) plans to list its shares at the general shareholder's meeting on April 23.

The bank said it will list in the Unlisted Public Company Market (UPCoM) first, then in one of the two official bourses in Ha Noi and HCM City.

Last year, the bank reported a profit before tax of VND2.037 trillion (US$90.9 million), an increase of 43.8 per cent over 2014.

As of December 31, 2015, the bank's total assets increased 9.2 per cent to reach VND192 trillion ($8.56 billion) and its deposits from customers rose 8 per cent to reach VND142.6 trillion ($6.4 billion). It also planed a profit before tax of VND3.5 trillion.

The bank also said it would not pay a dividend this year but had used the income to develop the future business of the bank.

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