The Technological and Commercial Joint-Stock Bank, Techcombank, has announced its plans to establish a securities company and a capital fund.
The new 18.75 million USD company and 2.5 million USD capital management fund were approved by shareholders at their annual meeting.
In addition to the new companies, Techcombank said it would focus investment in risk-management and product-promotion technology such as payment and credit cards, internet banking and mobile banking.
Individual depositors, medium and small sized enterprises are traditional customers of the giant, which is in the top three commercial joint stock banks in the country.
Source: VNA
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