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Four banks licensed to offer public shares   2010-12-01 - Viet Nam News

The State Securities Commission has licensed Vietcombank, TienPhong Bank, VP Bank and Western Bank to offer additional shares.

Part-privatised Vietcombank will now issue more than 436 million VND10,000 shares to all its shareholders at a ratio of 100:33.

Vietcombank Securities is the underwriter.

The issue will increase Vietcombank's charter capital to VND17.59 trillion (US$837.61 million) or by 33 per cent and is expected to help increase the bank's capital adequacy ratio (CAR) to 9-10 per cent from 8.45.

TienPhong Bank will offer 100 million VND10,000 shares to its shareholders.

The FPT Securities-brokered issue will help the bank raise its registered capital to the minimum legal requirement of VND3 trillion ($142.85 million) by year's end.

VP Bank will offer more than 154 million shares worth VND1.54 trillion and a total face value ($73.33 million) to its shareholders at a ratio of 100:62,83.

The issue will increase the bank's charter capital to VND3.99 trillion ($190 million) from VND2.45 trillion ($116.67 million).

Its in-house securities (VP Bank Securities) will serve as underwriter.

Western Bank will offer 100 million VND10,000 shares.

Of these, 69.4 million shares will go to its shareholders; 600,000 to its employees and the remaining 30 million shares to strategic investors.

E-Viet Securities will act as broker.

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