SBV approves Military Bank's capital increase

14:25 | 03/08/2015 Economy

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).

SBV approves Military Bank's capital increase

Customers use Military Bank services. The bank plans to increasse its equity to US$734 million. -- Photo

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.

The bank's shares closed up 0.2 points at VND16,200 (74 cents) per share on July 23 on the HCM City Stock Exchange./.

Source: VNS