14:25 | 03/08/2015 Finance - Banking
The State Bank of Viet Nam has approved the Military Bank's plan to increase its charter capital from VND11.59 trillion (US$531.65 million) to VND16 trillion ($733.94 million).
Customers use Military Bank services. The bank plans to increasse its equity to US$734 million. -- Photo vinacorp.vn
The plan to increase the capital was approved during a meeting of the Military Bank's shareholders in April. It will be implemented through separate share issuances for existing shareholders, strategic investors and employees.