Transactions at Vietinbank. The bank has transfered a 20-per-cent stake to the Bank of Tokyo-Mitshubishi UFJ. ― Photo dddn.com.vn

HA NOI (Biz Hub) ― Viet Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has finished selling nearly 20 per cent of its shares to Japan's Bank of Tokyo-Mitsubishi UFJ (BTMU).

The sale involved total net revenues of more than VND15.4 trillion (US$733million), the bank said recently in Ha Noi.

The bank said it had totally sold 644.38 million shares at VND24,000 ($1.12), adding that there was a condition that they could not be transferred for five years.

After the sale, BTMU Capital owns 19.73% of VietinBank. The above shares have been approved by Vietinbank director board, the Vietnamese bank said.

Accordingly, VietinBank now has the charter capital of VND32.66 trillion ($1.5billion) of which shareholders account for 64.46 per cent and BTMU 19.73 per cent. ― VNS