Maritime Bank Plans Second Capital Boost This Year

3:26:23 PM | 7/8/2005

Maritime Bank Plans Second Capital Boost This Year

 

The Vietnam Maritime Commercial Joint Stock Bank (MSB) is preparing for its second capital boost this year to raise its chartered capital to VND150 billion (US$9.6 million) from its current VND109.3 billion (US$7 million).

 

The third capital increase plan, expected by the end of this year, will lift the bank’s capital to over VND160 billion (US$10.2 million).

 

The plans have been a key part of the bank’s development strategy along with the opening of branches in Hanoi, Ho Chi Minh City and Danang this year.

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