VietinBank nets VD3.538T in stake sale to IFC

VietinBank successfully offered over 168.5 million shares priced at 21,000 dong each for IFC, posting a net earning of over 3.538 trillion dong.

The bank used over 1.826 trillion dong to strengthen its credit capacity, 238 billion dong to expand its network, 476 billion dong for infrastructure and 998.3 billion dong to expand investments, joint ventures and capital contribution.

The State Bank of Vietnam approved in principle the bank’s second chartered capital increase from 16.858 trillion dong to 20.23 trillion dong via issuing more shares priced at par value to the existing shareholders at the ratio of 20%.