VPBank to raise capital to VND5.05T

VPBank approved a resolution to raise its chartered capital by VND1.05 trillion to VND5.05 trillion in 2011 financed from capital surplus and dividend fund.

The lender will spend VND500 billion out of the VND1.05 trillion for raising working capital, extending its networks, promoting sales and D&R activities.

The unlisted lender will also upgrade its IT system, build headquarter office and other equipments, it said.

The AGM also approved 2011 targets of VND80 trillion total assets, 50% growth in total deposits, 20% credit growth and 200 transaction offices.

Follow the link for more news on

Also Read

Philippine central bank eyes AI rules for banks

Westpac appoints Kate Dee as chief people officer

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit