Through a private placement, BIDV will be issuing 603,302,706 shares, equivalent to 15 per cent of its charter capital to Korea’s KEB Hana Bank, raising its chartered capital to VND40.22 trillion ($1.74 trillion
While both Vietcombank and BIDV announced significant profit growth, Vietinbank remained quiet and kept secret until the end.
Joint Stock Commercial Bank for Investment and Development of Vietnam has recently announced its specific plan on issuance of 600 million new shares to Korean based KEB Hana Bank to raise its charter capital.
This is the largest commercial loan that the Asian Development Bank has provided to an Asian commercial bank so far.
South Korea's KEB Hana Bank will spend $650-700 million to acquire a 15 per cent stake in BIDV.
VPBank's profit in 2017 surpassed Agribank and was only lower than that of Vietcombank, Vietinbank and BIDV.
The rumors that former president of Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) (stock code: BID) was arrested have made the local securities market pay for a slump at the closing session on August 9, the lowest level in the past two years, equivalent to a vapor of US$1.8 billion in value losses.
Rumours of BIDV former President’s arrest was priced at the deep slump of Vietnam stock market on August 9th, which was a fall at the sharpest rate in nearly two years.
Bank's preferential credit packages worth a total of more than $132 million.
