Vietnam's Habubank seeks Hanoi listing license

Vietnam's partly private Habubank, 10 percent owned by Deutsche Bank, has sought permission to list shares on the Hanoi Stock Exchange, the exchange said on Thursday.

Habubank, or the Hanoi Building Commercial Joint Stock Bank, would list all its 300 million shares representing its registered capital of VND3 trillion (US$154.2 million), the exchange said in a statement.

In March, Habubank forecast its gross profit would rise as much as 37 percent this year to between VND650 and VND690 billion.

Once approved, shares of Habubank, one among the 20 largest partly private lenders in Vietnam, would compete with those from Asia Commercial Bank, Saigon Hanoi Bank and Navibank on the Hanoi exchange.

The exchange's HNX index was down 1.89 percent at 129.04 points on Thursday, having lost 23.3 percent so far this year.

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