Western Commercial Joint Stock Bank (Western Bank)'s deputy general director, Nguyen Quoc Sy, said that after getting approval from the State Bank of Vietnam (SBV) in December 2009, his bank submitted document to Hochiminh Stock Exchange (STC) to list shares on the southern bourse.
As planned, Western bank will list shares on STC in February or March after getting STC's approval.
STC's general director said that this year there will be many banks listing shares on the stock market such as LienVietBank.
Western Bank planned to double chartered capital from one trillion dong to two trillion dong in Q1 after listing shares on STC and it would be three trillion dong before ending 2010 to meet central bank's regulation.
During the first 11 months 2009, Western Bank gained 106 billion dong of pre tax profit and the bank's pre tax profit in 2009 was estimated at 160 billion dong, equalling to last year's target.
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