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.
