trending Market Intelligence /marketintelligence/en/news-insights/trending/obdw35m3sozzwimjxl3z2q2 content esgSubNav
In This List

TPBank, Viet Capital bank to hike capital

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade


TPBank, Viet Capital bank to hike capital

Tien Phong Commercial Joint Stock Bank and Viet Capital Commercial Joint Stock Bank obtained approval from the State Bank of Vietnam to raise their charter capital, Viet Nam News reported Oct. 9.

TPBank will increase its capital to 8.566 trillion dong from 6.718 trillion dong through an issuance of shares as dividend payments from undistributed earnings and bonus shares from capital surplus.

The lender will issue about 185 million shares, representing 28% of its total shares.

Meanwhile, Viet Capital Bank will increase its capital to 3.5 trillion dong from 3 trillion dong through an issuance of 50 million shares at a ratio of six existing shares for every one new share.

As of Oct. 9, US$1 was equivalent to 23,279 Vietnamese dong.