LienVietPostBank raises its charter capital to nearly VND10 trillion

Mar 20th at 08:14
20-03-2020 08:14:53+07:00

LienVietPostBank raises its charter capital to nearly VND10 trillion

LienVietPostBank has raised its charter capital from more than VND8.88 trillion (US$383.8 million) to nearly VND9.77 trillion.

 

Accordingly, the bank issued nearly 82.5 million dividend stocks and about 6.3 million bonus shares.

The new charter capital was about three times higher than the bank’s charter capital of VND3.3 trillion when it was founded in March 2008.

LienVietPostBank has total assets worth nearly VND202 trillion as of the end of 2019.

With the goal of becoming one of the leading retail banks in Viet Nam, LienVietPostBank continued to focus on developing its network across the country, reaching remote areas.

The bank targeted to expand its transaction network to all districts of 63 provinces and cities this year.

LienVietPostBank was now the commercial joint stock bank with the largest transaction network in Viet Nam with nearly 540 branches and transaction offices nationwide.

bizhub



NEWS SAME CATEGORY

Hanwha Life Vietnam hits trillion dong first year premium milestone with customer-centric strategy

Despite being a late entrant into the Vietnamese life insurance market compared to many others foreign insurers, but thanks to its right business strategy, Hanwha...

Reference exchange rate up 5 VND on March 18

The State Bank of Vietnam set the daily reference exchange rate at 23,232 VND per USD on March 18, up 5 VND from the previous day.

Vietnam c.bank committed to ensuring stability of monetary market

The State Bank of Vietnam is ready to sell foreign currency to ensure forex market stability if necessary.

Gold prices and US rates go up in the market

Global and local gold prices increased on March 18 when the forex rate of US notes went up at most local banks.

HDBank joins fight against Covid-19

Fifteen banks and a finance company have donated VND140 billion (US$8.5 million) to support the fight against the Covid-19 pandemic and help people suffering from...

Generali Vietnam launches new flagship version of VITA – Golden Health Rider

Italian-backed life insurer Generali Vietnam has just launched the new flagship version of "VITA – Sức Khỏe Vàng" (VITA – Golden Health Rider) with diverse added...

Banks provide support for customers affected by Covid-19

Commercial banks have cut lending interest rates and rolled out soft credit packages in a bid to help customers mitigate the adverse impacts of the Coronavirus...

Ministry makes int’l accounting rules compulsory after 2025

The Ministry of Finance on Monday issued a decision regulating the roadmap for the application of International Financial Reporting Standards (IFRS), replacing the...

Central bank cuts interest rates to buffer COVID-19 impact

The State Bank of Vietnam (SBV) will cut its policy rates starting from March 17 in an attempt to support the economy which has been hurt by the COVID-19 outbreak.

Delay forecast for banks’ capital hike plans

The Government’s plans to increase capital for large State-owned commercial banks in the first quarter of this year could be delayed due to the Covid-19 outbreak...

Bank stocks

Insurance stocks


MOST READ


Back To Top