Three banks raise charter capital
The State Bank of Vietnam has approved the plans of three banks to raise their charter capital.
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| Illustration photo |
The increased capital will help the banks raise their financial capabilities, invest in infrastructure and technology, and expand mid-to long-term loans.
The charter capital of the Housing Development Bank (HDBank) will increase to VND3 trillion ($150 million) from VND1.55 trillion ($77.25 million), Indovina Bank Ltd's to VND3.2 trillion ($160 million) from VND2.5 trillion ($125 million), and Tien Phong Bank's to VND3 trillion ($150 million) from VND2 trillion ($100 million).
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