Maritime bank allowed to expand network

The State Bank of Vietnam (SBV) on June 7 issued a document approving Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank) to open six new branches including Long An, Phu Yen, Quang Binh, Binh Thuan, Ha Tinh, and Tien Giang.

Maritime Bank is responsible for inaugurating these branches within six months as of getting the central bank’s approval.

As of the end of 2010, Maritime Bank’s chartered capital was five trillion dong, total assets at 115 trillion dong with an operation network of nearly 150 sites and it is expected to increase to 320 transaction sites by the end of 2011.

Tags: MARITIME BANK, Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Jun 9 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