The 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.
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).
Tags:
Tags:
The United Capital Management Joint Stock Company (Unicap) which manages investment funds will provide financial services to FLC and Faros in the near future.
Techcombank has announced that two separate legal entities managed by Warburg Pincus will invest over US$370 million into the Bank, subject to appropriate regulatory approvals.
In only the first two months of this year, the banking, financial services and insurance sector (BFSI) of Vietnam received up to US$1.45 billion worth of investment.
It is feared that the escalating trend of trade protectionism will hinder global growth and make many businesses struggle for survival.
According to the World Bank, remittances to Vietnam in 2017 are estimated at a record high of US$13.81 billion, increasing by US$1.9 billion, equivalent to 16% over 2016.
Within less than five months leading the Southeast Asia Joint Stock Commercial Bank (SeABank), Nguyen Canh Vinh has resigned from this position since February 8, 2018, for personal reason.
