Advertisements

Random Post

Vietnam Banking News

Vietnam Business » Vietnam Banking News » Vietnam Central Bank Okays ABBank to Raise Cap to VND2.85T

Vietnam Central Bank Okays ABBank to Raise Cap to VND2.85T

. The State Bank of Vietnam (SBV), the country’s central bank, has given a nod to An Binh Commercial Joint Stock Bank (ABBank) to raise its registered capital to VND2.85 trillion from current VND2.7 trillion, the SBV said on July 14. .No more detail about ABBank’s capital hike has been made available on the website. . .ABBank, 15 per cent owned by Malaysian top lender Maybank, made pretax profit of VND172 billion

(US$10.117 million) in the first six months this year, including VND84.3 billion in the second quarter. . .As of late June, ABBank had raised a total of VND11.685 trillion, up 160 per cent against the end of 2008, and total outstanding loans of VND8.62 trillion, up 132 per cent. . .Its shareholders have already approved targets of VND19 trillion in total assets, total outstanding loans of VND10 trillion, total deposits of VND11 trillion and pretax profit of VND400 billion for this year. (Cafef.vn, ABBank’s Website)

Vietnam Business And Financial News Network. Source [vibforum.vcci.com.vn]

More Vietnam Banking News:

Popular Vietnam Business News

Tasco plans to raise chartered capital to 135 billion dong

In details, the company will issue 5.5 million shares for existing shareholders with par value of 10,000 dong per share, under the ratio of 1:1 or one old share for

Vinashin Affiliate Launches First Car-carrying Ship

. Ha Long Shipbuilding Company, an affiliate of Vietnam Shipbuilding Industry Group (Vinashin), launched a 70,000 DWT car-carrying vessel on Tuesday, July 21 in the northern province of Quang Ninh.

Tolls proposed on cars using downtown streets

The citys Tien Phong Technology Joint Stock Company has proposed starting toll collection on cars using downtown streets from January 2012 with a fee level from US$1 to US$2, or

Vietnam hub recalls milk with content deficiencies

Health inspectors in Ho Chi Minh City on Wednesday ordered the recall of five milk products that did not contain the quantity of protein announced on their labels, and suspended

Leap in exports pushes trade deficit to $5.4b in five months

The countrys trade deficit reaches US$5.4 billion in the first five months of the year, according to experts from the General Statistics Office (GSO). The trade deficit was equivalent to

World Bank Predicts US$2.6B Surplus in Vietnam Balance of Payments in 2010

An excess of US$11.7 billion in the capital account will help Vietnam cover a shortfall of US$9.1 billion in the current account this year, the Hanoi-based Chief Economist Martin Rama

HCM City holds global marketing expo

The countrys first-ever International Advertising Equipment and Technology Exhibition opened August 5 in HCM City. The three-day event, Vietad 2010, has attracted more than 150 booths and nearly 70 domestic

Businesses weary of revised automatic import license procedure

Long Quoc Trung, Director of Matsu Electronics, a distributor of refrigeration equipment from Malaysia, said he is nervous because after two weeks, he still has not got confirmation of his

Advertisement