Charter capital of banks is expected to have a big change this year as four State-owned banks are considering an increase in capital while the State Bank of Viet Nam (SBV) has approved a capital hike for 21 private banks.
SeABank will be able to issue shares to its existing shareholders and pay a dividend following the plan approved at its annual general meeting of shareholders.
The State Bank of Viet Nam has allowed Tien Phong Bank (TPBank) and Ban Viet Bank (Viet Capital Bank) to increase their charter capital through share issuances.
The State Bank of Viet Nam (SBV) on February 22 issued document no. 1104/NHNN-TTGSNH to allow Standard Chartered Bank (Viet Nam) Limited to increase its charter capital.
State Bank of Viet Nam (SBV) has allowed Petrolimex Group Commercial Joint Stock Bank (PG Bank) to raise its chartered capital from VND3 trillion (US$132 million) to VND3.165 trillion.
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will put 500 million shares on sale in two phases to raise charter capital from VND8.8 trillion ($387.6 million) to VND13.8 trillion.
The State Bank of Viet Nam (SBV) gave written consent for Viet Nam
based Military Bank''s (MBBank) increase in charter capital to VND17.127
trillion (US$766 million) from VND16.31 trillion ($730 million).
The State Bank of Viet Nam is likely to double its charter capital to VND10 trillion (US$476.2 million) from August 15 this year in a bid to better stabilise the country''s monetary market, according to a draft circular.