Saigon-Hanoi Bank gets nod to list in Hanoi

Saigon-Hanoi Joint Stock Commercial Bank received approval from the Hanoi Securities Trading Center to list its shares on the nation’s smaller bourse, according to a statement on the center’s website.

The Hanoi-based lender, known as SHB, plans to list 50 million shares on the Hanoi exchange, according to the statement.

SHB said its pretax profit increased 52.8 percent to VND269 billion (US$15.3 million) in 2008 in a statement on its website January 16. It did not provide a figure for its total assets.

Bloomberg

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