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Friday, May 16, 2025

Multiple banks receive approval to raise charter capital

By Thuy Linh

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HCMC – The State Bank of Vietnam has recently approved charter capital increase plans of several joint-stock commercial banks.

Asia Commercial Bank (ACB) has been allowed to raise its charter capital by nearly VND6.7 trillion via a share issue for dividend payment.

The lender will issue around 670 million new shares, equivalent to 15% of existing shares, giving shareholders 15 additional shares for every 100 held. This move will increase ACB’s charter capital from VND44.67 trillion to as much as VND51.37 trillion.

Vietnam International Commercial Joint Stock Bank (VIB) has got the greenlight to raise its charter capital by nearly VND4.25 trillion through a combination of share issuance to existing shareholders and an employee stock ownership plan (ESOP).

It plans to issue about 417.1 million shares to existing shareholders, representing a 14% ratio, and 7.8 million ESOP shares, or 0.26%. Once completed, VIB’s charter capital will pick up from over VND29.79 trillion to more than VND34.04 trillion.

National Citizen Commercial Joint Stock Bank (NCB) has been permitted to expand its charter capital by VND7.5 trillion through a private placement of 750 million shares to professional securities investors.

The offering price will be no less than VND10,000 per share. Following the issuance, NCB’s charter capital will be adjusted up from VND11.78 trillion to VND19.28 trillion.

Additionally, several banks have had their capital increase plans approved at recent annual general meetings and are now awaiting regulatory clearance.

For instance, at its 2025 annual general meeting, Military Commercial Joint Stock Bank (MB) adopted a plan to raise its charter capital by nearly VND19.73 trillion, bringing the total to VND81.37 trillion.

Orient Commercial Bank (OCB) plans to raise its charter capital to VND26.63 trillion by issuing bonus shares at an 8% rate. Meanwhile, Saigon-Hanoi Commercial Joint Stock Bank (SHB) aims to boost its charter capital by about VND5.3 trillion to nearly VND45.94 trillion via stock dividend payment.

Similarly, Vietnam Maritime Commercial Joint Stock Bank (MSB) intends to boost its charter capital by VND5.2 trillion through the issuance of 520 million dividend shares, raising its capital base from VND26 trillion to VND31.2 trillion.

TPBank is also set to distribute over 132 million shares as a 5% stock dividend, increasing its charter capital by VND1.32 trillion to more than VND27.74 trillion.

According to Q1/2025 financial statements, Vietcombank currently leads the banking sector in charter capital, with VND83.56 trillion. It is followed by VPBank, which has total charter capital of VND79.34 trillion.

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