Kien Long Bank to Issue 100Mln New Shares, Vietnam Banking News
Vietnam Business » Vietnam Banking News » Kien Long Bank to Issue 100Mln New Shares
Kien Long Commercial Joint Stock Bank (Kienlong Bank) was approved to issue 100 million new shares at the face value of 10,000 dong per share to the public. Kien Long Commercial Joint Stock Bank (Kienlong Bank) was approved to issue 100 million new shares at the face value of 10,000 dong per share to the public.
The share issue aims to raise Kienlong Banks chartered capital from VND1 trillion to VND2 trillion.
Of which, 98 million shares will be offered to the banks existing shareholders based on the shareholder list closed on May 21, 2010. And two million shares will be issued to its employees according to the list of director board.
KienLong Bank announced gaining over VND120 billion of pre-tax profit ending the fiscal year 2009. The banks total deposits in 2009 reached VND6.286 trillion, or 135% of the years target of VND4.635 trillion, equaling to 241% against 2008s figure. Its total outstanding loans reached VND4.874 trillion, or 107% of the years plan of VND4.575 trillion.
So far, KienLong Bank has opened 17 branches and 44 transaction offices in almost provinces and cities in the Mekong Delta area and key cities and regions nationwide. The bank targets to have 100 branches and transaction sites nationwide in 2010.
Vietnam Business And Financial News Network. Source [stox.vn]
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