Vietinbank to Float Shares on Stock Exchange in Apr.

Vietnam Bank for Industry and Trade (Vietinbank) has said on its Website that it plans to list its 53.6 million shares, or 4% of its registered capital, on the country's main bourse-Ho Chi Minh City Stock Exchange in April.

Vietinbank launched its initial public offering in December and raised a total of VND1.1 trillion ($66.7 million) from the share sale. It has also sold 10% stake, or 134 million shares, to foreign strategic partners and 3.3% stake, or 44.2 million shares, to domestic strategic investors. Vietinbank's total assets reached VND174.6 trillion ($10.33 billion) by 2008-end, up 17% on year, total outstanding loans hit VND120 trillion ($7.1 billion), up 18.2% on year and non-performing debts accounted for 1.09% of total debts. It made a profit of VND1.563 trillion. The country's biggest joint stock lender, Vietcombank, which went to public in December in 2007, will also list its 112.3 million shares on the HOSE in the first quarter of this year.

Vietnam Economic Times - Vietpan Database

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