Viet Nam Bank for Industry and Trade (VietinBank) and the Petrolimex
Group Commercial Joint Stock Bank (PGBank) signed an official merger
document yesterday, thereby opening opportunities for the new bank.
PGBank, a small in-house bank of Petrolimex, may sell 99 per cent of
its stake to the second-largest bank by assets, Vietinbank, as part of
its restructuring process.