VPBank increases chartered capital

22-Oct-2004 Intellasia | 21/Oct/2004 Thoi Bao Kinh Te Vietnam page 3 | 1:26 PM Print This Post

The total deposit balance of Vietnam Joint-Stock Commercial Bank for Private Enterprises (VPBank) has reached 3.103 trillion dong, up by 40% compared with the start of the year, according to VPBank.
The banks lending balance is 1.793 trillion dong, which is basically on target. In addition to completion of procedures on opening new branch transaction points, VPBank is proceeding with plans to raise its chartered capital to 210 billion dong by the end of this year. Also, VPBank is also planning to to issue domestic and international credit cards in the near future.
According to Le Dac Son, general director of VPBank, to date total assets of VPBank is more than 3.379 trillion dong, of which profitable assets account for 93%.


Category: Finance

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