More than 564.4 million shares of Vietnam International Bank (VIB) were deposited at the Vietnam Securities Depository under code VIB as of December 12.

According to the Vietnam Securities Depository, value of the registered shares is worth more than VND5.644 trillion (US$248.63 million), equal to VND5.644 trillion of the bank’s charter capital.

The move was the first procedure made by the bank to list on the stock exchange next year.

Previously, in November, VIB said it was implementing procedures to get listed on UPCoM early next year instead of 2018 as previously planned.

The bank's representatives said getting listed on UPCoM will increase its value for VIB investors, owing to good liquidity.

The bank said it has completed procedures to increase its charter capital to VND5.644 trillion, as approved by the State Securities Commission and the State Bank of Viet Nam.

In April, at the VIB shareholders meeting, the plan to increase charter capital from VND4.85 trillion to VND5.644 trillion by issuing share dividends of 16.5 per cent was approved.

According to the bank's financial report, its total assets touched VND93 trillion at the end of October. Its capital adequacy ratio and non-performing loans were at 14.46 per cent and 1.49 per cent, respectively.

The Commonwealth Bank of Australia continues to be a strategic partner of the VIB, holding 20 per cent share.

VIB, currently, serves some 1.6 million individual customers and 34,000 corporate customers. — VNS