Largest Joint Stock Bank Plans Second Capital Boost This Year

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

Largest Joint Stock Bank Plans Second Capital Boost This Year

 

Sacombank, Vietnam’s largest commercial joint stock bank, plans its second capital boost this year to raise its chartered capital from the current VND675.64 billion (US$43 million) to VND740-VND820 billion (US$47.1 million-US$52.2 million) within this year.

 

With the forthcoming capital increase, Sacombank will maintain its top position among joint stock banks in the country. The Asia Commercial Bank (ACB) follows Sacombank with capital of VND481 billion (US$30.637 million).

  • P.V