State Bank backs PGBank capital boost

The State Bank of Viet Nam (SBV) issued Decision No.2547/QD-NHNN on Monday to approve the revised charter of the Petrolimex Group Commercial Joint-Stock Bank (PG Bank).

Accordingly, the SBV Governor approved PGBank's revised charter to raise its charter capital to VND3,000 billion (US$143 million)

vietnamnews

>   Lower corporate taxes proposed (13/12/2012)

>   Reform or risk stagnation, donors warn Vietnam (12/12/2012)

>   Regulations on non-cash payments (12/12/2012)

>   Bar set higher for bank branches (12/12/2012)

>   Experts call for debt market (12/12/2012)

>   Banks wish to have the right for gold bullion trade, but it’ll not be an easy job (11/12/2012)

>   Laos-Viet Nam Bank on firm footing (11/12/2012)

>   VN ponders first cap on interest rates (10/12/2012)

>   More commercial banks cut deposit, lending interest rates (10/12/2012)

>   Small banks strive to survive (08/12/2012)