Wednesday, November 22 2017


VPBank to become largest private bank on HOSE

Update: July, 19/2017 - 19:00
VPBank will become the largest private bank on the HCM Stock Exchange. — Photo VPBank
Viet Nam News

HÀ NỘI — Việt Nam Prosperity Joint Stock Commercial Bank (VPBank), once listed, will become the largest private bank by market capitalisation on the HCM Stock Exchange (HOSE).

HOSE on Tuesday announced it has received an application from VPBank to list on the exchange.

VPBank has registered to list 1.33 billion shares on HOSE. Bản Việt Securities Company is the bank’s share listing consultant.

VPBank’s shares are currently being traded at VNĐ35,000 (US$1.53) per unit on the OTC market. At this price, VPBank’s market capitalisation reaches nearly VNĐ46.7 trillion, just behind the three State-owned banks of Vietcombank, BIDV and Vietinbank, and much higher than that of MBBank, Sacombank, ACB and Eximbank.

With charter capital of more than VNĐ14 trillion, VPBank is the fourth largest joint stock commercial bank by charter capital after Sacombank, MBBank and SCB.

In 2017, VPBank has targeted pre-tax profit of VNĐ6.8 trillion, a year-on-year increase of 38 per cent from 2016’s figure, and total assets of VNĐ280.6 trillion. Last year, it recorded pre-tax profit of VNĐ4.92 trillion, an increase of 59 per cent from 2015. — VNS



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