RETAIL BANKING | Cesar Tordesillas, Vietnam

Techcombank to raise charter capital via new shares

Techcombank plans to raise its charted capital to VND8.79 trillion from current VND6.93 trillion through issuing 185.59 million new shares.

The lender will issue 177.59 million shares to pay dividend at a 1-for-3.9 ratio, and another eight million bonus shares to its staff, the bank said on its website.

Techcombank made a pretax profit of VND1.5 trillionor $72.82 million in the first half of this year.


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