SBV approves Military Bank's capital increase

The State Bank of Viet Nam has approved the Military Bank's plan to increase its charter capital from VND11.59 trillion (US$531.65 million) to VND16 trillion ($733.94 million).

The plan to increase the capital was approved during a meeting of the Military Bank's shareholders in April. It will be implemented through separate share issuances for existing shareholders, strategic investors and employees.

The bank's shares closed up 0.2 points at VND16,200 (74 cents) per share on July 23 on the HCM City Stock Exchange.

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