Business

All commercial banks asked to go listing before 2020

By Quynh Chi March 07, 2019 | 09:00 AM GMT+7

The government has approved a scheme on restructuring the stock market which asks for all commercial banks to go listing.

OCB has the biggest potential to successfully complete its listing process this year.

Techcombank, HDBank and Tien Phong Bank are the latest banks to have listed shares on Ho Chi Minh Stock Exchange while the UPCoM are witnessing share transactions of VIB, BacA Bank, LienVietPost Bank and KienLong Bank.

In total, there are 17 banks listing shares on the Ho Chi Minh Stock Exchange, Hanoi Stock Exchange and registering transactions on UPCoM.

However, there are still dozens of unlisted commercial banks including SCB, MSB, NamA Bank, SeaBank, AB Bank, VietABank, OCB, VietCapital Bank, VietBank, Saigon Bank and BaoViet Bank.

Among them, OCB has the biggest potential to successfully complete its listing process this year. NamA Bank, VietBank and AB Bank approved the plan for registration on UPCoM since 2018 and the listing on HOSE by 2020.

MSB, SeaBank and other small banks have not shown any signal for listing their shares on the bourse. Whether to list or not may be a hot topic during the annual general shareholder meeting to be held in the next couple of months.

PGBank is in the merger process into HDBank which is expected to complete by early 2019. PGBank's shareholders will become HDBank’s shareholders and the stock will then be traded on HOSE.