SBV approves Techcombank plea

The State Bank of Viet Nam (SBV) has approved a plan by Techcombank to add VND30 billion (US$1.43 million) of charter capital.

The additional amount, coming from the bank's retained earnings, will bring its equity to VND8.878 trillion ($421.3 million).

The approval will be valid for a year, whereby Techcombank will only be able to raise capital in that time.

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