LienVietPostBank schedules listing on bourse in early October after recorded profit of nearly US$57 million

By Manh Nguyen - Oct 03, 2017 | 05:48 AM GMT+7

TheLEADERThe statistics of Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) was updated until August 31, 2017 and before the time that the bank put its shares on UPCom.

LienVietPostBank schedules listing on bourse in early October after recorded profit of nearly US$57 million
Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank). Photo: LienVietPostBank

In the first eight months of 2017, the total assets of this bank reached nearly VND150 trillion (US$6.6 billion) and its total mobilized capital was nearly VND138 trillion (nearly US$6.1 billion). 

Besides, the total outstanding loans of LienVietPostBank reached over VND96 trillion (about US$4.2 billion). The bank also achieved pre-tax profit of VND1.289 billion (nearly US$57 million).

On October 5, 2017, the bank's shares will be officially traded on UPCom with a reference price of VND14,800 (US$0.65) per share.

The charter capital of LienVietPostBank now is more than VND6,460 billion (nearly US$285 million) of which Vietnam Post Corporation (Vietnam Post) is the largest shareholder owning 12.54% of capital.

Recently, LienVietPostBank decided to issue VND2,000 billion (US$88 million) convertible bonds. 

In addition, this bank was approved of increase its chartered capital to VND7,500 billion (US$330 million) through paying dividends (6%) and offering the existing shareholders an additional 65 million shares at the price of VND10,000 (US$0.44).