Three banks raise charter capital

The State Bank of Vietnam has approved the plans of three banks to raise their charter capital. The increased capital will help the banks raise their financial capabilities, invest in infrastructure and technology, and expand mid-to long-term loans.

The charter capital of the Housing Development Bank (HDBank) will increase to 3 trillion VND (142.85 million USD) from 1.55 trillion VND (72.8 million USD), Indovina Bank Ltd's to 3.2 trillion VND (165 million USD) from 2.5 trillion VND (125 million USD), and Tien Phong Bank's to 3 trillion VND (142.85 million USD) from 2 trillion VND (95.23 million USD).

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>   Fund exits enable new investments (19/01/2011)

>   Two branches of Lao - Viet Bank allowed to increase charter capital (25/01/2011)

>   VSB and VRB allowed to increase charter capital (25/01/2011)

>   VFR: Transfer of 2% of charter capital of subsidiary to foreign investor (25/12/2010)

>   DNSE: An over-10-percent-of-charter-capital transaction (20/12/2010)

>   Vietnam may give banks more time to up capital (14/12/2010)

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