Bidv moots raising chartered capital of Laos-Vietnam Bank

27-Apr-2012 Intellasia | Dau Tu Chung Khoan page 29 | 11:11 AM Print This Post

Tran Bac Ha, chair of management board in Bank for Investment and Development of Vietnam (Bidv) has lately revealed that the bank has planned to hike chartered capital of Laos-Vietnam Joint Venture Bank (LVB) from $35 million to 70 million in May 2012.

At the same time, the bank would open new branch in Luong Prabang province before August 2012.

Previously, Bidv and the Banque pour le Commerce Exterieur Lao (BCEL) had cooperated to establish LVB in June 1999 with initial chartered capital of $10 million.

 


Category: Finance

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