VietinBank to shift $14m

tohang

VietinBank has received approval from the State Bank of Viet Nam (SBV) to contribute supplementary capital worth US$14 million to Indovina Bank Ltd (IVB) so that it can raise its charter capital as approved in January.

Ha Noi (Biz Hub)— VietinBank has received approval from the State Bank of Viet Nam (SBV) to contribute supplementary capital worth US$14 million to Indovina Bank Ltd (IVB) so that it can raise its charter capital as approved in January.

The Ha Noi-based bank, officially known as Viet Nam Joint Stock Commercial Bank for Industry and Trade, must carry out procedures in accordance with current laws, the central bank said in a post on its website.—VNS

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