Military Bank, VPBank to augment charter capital
The State Bank of Vietnam recently approved proposals to raise charter capital at the Military Commercial Joint Stock Bank (MB) and the Vietnam Prosperity Joint Stock Commercial Bank (VPBank).
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Meanwhile, VPBank aims to boost its charter capital from nearly VND14.06 trillion (US$618.64 million) to VND15.7 trillion (US$690.8 million).
The increases were agreed by MB and VPBank shareholders at their annual meetings last April.
The central bank requested MB and VPBank raise charter capital in line with legal regulations, including those on share ownership limits for shareholders.
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