August 17, 2009 | 21:20 (GMT+7)
SEABank to see VND 5,068 billion chartered capital
SEABank has received approval from the State Bank to increase its chartered capital from VND 4,068 billion to VND 5,068 billion in 2009...
SEABank has received approval from the State Bank to increase its chartered capital from VND 4,068 billion to VND 5,068 billion in 2009.
The activity won the approval of the shareholders at an annual meeting earlier.
The VND 1,000 billion increase will be mobilised from the convertible bonds issued in 2007 by SEABank. The increased chartered capital makes SEABank one of the commercial banks with largest capital.
In 2009, SEABank is trying to become a typical retailing bank of Vietnam with a before-tax-profit of VND 646 billion. In addition, the bank is planning to open its 106th transaction point in the country.
Source: TBKT
Translated by Hoang Anh