trending Market Intelligence /marketintelligence/en/news-insights/trending/Ue0UWumEiGjamOqXP0tRWg2 content esgSubNav
In This List

Foreign investors take 20% stake in Vietnam's HDBank

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


Foreign investors take 20% stake in Vietnam's HDBank

Foreign funds and financial institutions took a cumulative 20% stake in Vietnam-based Ho Chi Minh City Development JSCB, or HDBank, with each foreign investor holding up to a 3% stake in the bank, Viet Nam News reported Dec. 22.

The bank issued 14.26 million shares for more than 6.8 trillion Vietnamese dong to the investors.

Japan-based Credit Saison Co. Ltd. and Aozora Bank Ltd., Australia's Macquarie Group Ltd. and Germany's Deutsche Bank AG count among the foreign shareholders in the Vietnamese lender, according to the report.

The bank plans to list on the Ho Chi Ming bourse in early 2018.

As of Dec. 25, US$1 was equivalent to 22,715 Vietnamese dong.