Military Bank to list on HOSE

730 million shares of the Military Bank, one of the largest banks in Vietnam, will be officially listed on the Ho Chi Minh City Stock Exchange by November 1 this year.

The Military Bank has a chartered capital of VND7.3 trillion, and in the first six months of 2011 pre-tax profits of the bank were VND1.08 trillion. It plans to increase its chartered capital to VND10 trillion this year and achieve pre-tax profits of VND2.91 trillion.

Last year, bank’s revenue topped VND10.23 trillion, up by 79.3 percent over the previous year, while pre-tax profits reached VND2.28 trillion.

By T.Trinh – Translated by Thuy Doan

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