VPBank to inject more capital this year

The Vietnam Prosperity Commercial Joint Stock Bank (VPBank) will increase its chartered capital from the current 4 trillion dong to 5.05 trillion dong this year, heard the general meeting of the bank last week.

The shareholders also approved the bank’s business plan this year with the total assets to reaching 80 trillion dong. As of end-2010, VPBank’s total assets had reached an estimated 58 trillion dong, total capital mobilization 24.43 trillion dong, and outstanding loans 25.3 trillion dong.

The Hanoi-headquartered bank plans to expand to 200 outlets by the end of this year.

Tags: Vietnam banking indutry, Vietnam banks, Vietnam finance, Vietnam financial, VPBank

Posted by VBN on Apr 26 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry