TienPhong increases equity

Monday, Jun 17, 2013 16:21

A TienPhong Bank transaction point. The bank has increased equity to $264 million. — Photo eduglobal.vn

HA NOI (Biz Hub) — TienPhong Bank has raised its charter capital from VND3 trillion ($142.9 million) to VND5.55 trillion ($264.3 million).

The bank recently received permission from the central bank to trade Government and corporate bonds on the domestic market. Last month it signed an agreement with the Bank for Investment and Development of Viet Nam (BIDV) to boost co-operation in areas including capital sources, currency and gold trading, payment, cash management, retail banking, non-life insurance, information technology services and high-tech and support industries. — VNS

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