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Ha Noi-based insurer increases capital by 10 per cent

Update: May, 04/2013 - 09:13

HA NOI (VNS)— Insurer PVI Holding (PVI) succeeded in increasing its charter capital from nearly VND2.13 trillion (US$101.4 million) to over VND2.34 trillion ($111.4 million) last year, the company announced.

The increase was made through private offerings by the insurer's German partner HDI-Gerling Industrie Versicherung AG of Talanx Group.

It also reported earning VND549 billion ($26.1 million) in gross profits last year, rising 17 per cent over 2011. PVI aims to achieve a gross profit of just VND309 billion ($14.7 million) this year.-VNS

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