Vietnam Bank News

Vietnam Bank Directory

Trade BCHUSD, Bitcoin and Cryptocurrencies

BUY & SELL BCHUSD | View BCHUSD News & Updates


Buy Sell BCHUSD, Bitcoin and Cryptocurrencies

Banking News & Financial Services News
Get the latest banking news headlines from Vietnammarkets.com. Find in-depth Vietnam coverage from banking, investing, financial, stock market, and more abou Vietnam banking system, bank for industry and trade, Vietnam banking sector.

Sai Gon-Ha Noi Bank to issue shares   2009-06-11 - Viet Nam News

Sai Gon-Ha Noi Commercial Bank, the second bank listed on the Ha Noi market, announced on Tuesday that it had deposited VND1.5 trillion (US$84.3 million) worth of unlisted shares with the Viet Nam Securities Depository Centre in preparation for listing an additional 150 million shares on the northern market this year.

At present, about 50 million shares, representing a fourth of the bank’s charter capital, are listed on the Ha Noi bourse, so the additional listing aims to meet requirements for listed enterprises.

Bank chairman Do Quang Hien said the bank was trying to finalise listing procedures with Ha Noi Securities Trading Centre and depository centre in order to make the additional listing as soon as possible. The date for the listing would be published soon on the bank website, he added.

At present, about 50 million shares, representing a fourth of the bank’s charter capital, are listed on the Ha Noi bourse, so the additional listing aims to meet requirements for listed enterprises.

In the first five months of this year, Sai Gon-Ha Noi Bank earned VND163.7 billion ($9.2 million) in profits. During the same period, the bank recorded total assets of VND16 million and deposits totalling VND13.3 trillion ($747.2 million).

The bank planned to pay an 8-per-cent dividend on first-half earnings, with shareholders required to register by June 20 for participation in the dividend payout.

Hien also confirmed that the bank was speaking with potential strategic partners from the US, Australia and the United Arab Emirates, with results of those negotiations expected this year.

He revealed that the bank allocate proceeds from a convertible bond issue this year towards raising the bank’s charter capital to VND3.5 trillion ($196.6 million).

SHB shares closed yesterday at VND37,900 per share.


Other Banking News

Bank to probe stimulus abuse   2009-06-09

Stock market players seek bank loans to boost odds   2009-06-09

Banks need capital to meet demand   2009-06-04

Banks shake straits, seek workers   2009-06-02

Bankers ask Vietnam to eliminate all interest rate lending caps   2009-06-02

Bank backs climate mitigation   2009-05-28

Subsidised loans pour $17 billion into economy   2009-05-27

Banks lend $17 billion under loan-subsidy program   2009-05-26

Banks raise interest rates on gold deposits   2009-05-25

No danger of interest rate race, bank official says   2009-05-23

Vietnam central bank has no plans to devalue dong   2009-05-21

Central bank to keep base rate stable   2009-05-19

Banks wary of bad debt   2009-05-19

Bank-insurance alliance to take root in Vietnam: conference   2009-05-17