Vietinbank to list shares on southern stock market

The Vietnam Bank for Industry and Trade (Vietinbank) will list 121 million shares on the Ho Chi Minh Stock Exchange on July 16 at an offering price of VND50,000 each.

Vietinbank has a statutory capital of over VND11.25 trillion, of which 89.23 percent is retained by the State.

Its pre-tax profits are expected to hit about VND2.6 trillion this year, and the bank will pay a dividend of 10 percent.

70 percent of its earnings are predicted to come from loans, 20 percent from investments in the capital market and about 7 percent from banking services.

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