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Bac A Bank to debut 500m shares on UPCoM

Dec 28th at 08:13
28-12-2017 08:13:29+07:00

Bac A Bank to debut 500m shares on UPCoM

The reference price for the first trading day is set at VND20,000 ($0.88) per share, which is allowed to fluctuate between +/-40 per cent, the Ha Noi Stock Exchange has announced.

 

This is the fourth joint-stock commercial bank trading stocks on UPCoM this year, following Viet Nam International Bank (VIB), KienLongBank (KLB) and LienVietPostBank (LPB).

VIB’s share is the most expensive on UPCoM, being traded at VND23,500 per share, while a LPB share is valued at almost VND13,000, and a KLB share price is nearly VND10,000.

Ending September this year, the Nghe An-based lender reported total assets of roughly VND85.86 trillion, an increase of 13 per cent over the end of 2016. Its capital mobilisation reached VND63.2 trillion during this period, up 8 per cent, and outstanding loans were VND52.1 trillion, up 7 per cent compared to the start of 2017.

In the third quarters, its pre-tax profit reached VND483 billion, up 25 per cent year on year. The bad debt ratio was 0.68 per cent, down from 0.8 per cent seen at the beginning of the year.

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