Asia Commercial Bank (ACB), Vietnam's fifth-largest bank by assets, said on Friday it had more than doubled its registered capital to 2.53 trillion dong ($157 million).
The Ho Chi Minh City-based bank said the new capital came into effect from May 11 and raised its registered capital, which determines the size of the bank's loans and deposits, from 1.1 trillion dong.
ACB said last week it was due to open Vietnam's first gold trading floor in Ho Chi Minh City on Friday to boost and streamline transactions of the precious metal.
ACB shares closed down 0.53% at 167,500 dong on Friday with 56,300 shares changing hands.
Shares in the bank, Vietnam's second listed lender after Sacombank (STB), have been trading on the over-the-counter Hanoi stock market since November.
Standard Chartered Plc. owns 8.56% of ACB and three other foreign investors own smaller stakes.
Source: Reuters
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