VPBank has been given the nod to sell 75 million shares to the public from June 22 to July 18.
The bank expects to double its chartered capital to 1.5 trillion VND (93.7 million USD) through the offering. It has been allowed to raise its chartered capital to 2 trillion VND (125 million USD) this year.
By the end of June, VP Bank’s asset value is expected to surpass 12 trillion VND (750 million USD) and its pre-tax profit is to reach 140 billion VND (8.7 million USD).
In the first quarter of the year, VPBank was listed by the Navigos Group and AC Nielsen of the US as one of the two Vietnamese banks among the top 50 businesses in the country in terms of working environment and personnel management.
It was regarded by the State Bank of Viet Nam to be one of the best banks among all commercial joint stock banks in northern Viet Nam.
Source: VNA
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