BRANCH BANKING | Cesar Tordesillas, Vietnam

Maritime Bank to open 6 branches

The State Bank of Vietnam approved Maritime Bank's application to open six new branches.


These includes 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.

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