Higher profits make it easier for banks m w88 raise capital

The Housing Development Commercial Joint Stock Bank (HDBank) has been allowed m w88 increase its chartered capital from more than 8.828 trillion VND (392.3 million USD) m w88 9.908 trillion VND.
It was the second time HDBank has revised up its chartered capital in a year.

Earlier, the Military Commercial Joint Stock Bank (MB), the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and the Asia Commercial Bank (ACB) raised their chartered capital m w88 over 18.1 trillion VND, 15.7 trillion VND and 11.2 trillion VND, respectively.

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) plans m w88 raise its charter capital m w88 14 trillion VND via selling shares m w88 existing shareholders.

According m w88 the National Financial Supervisory Committee (NFSC), buoyant securities market and growing profits make it easier for domestic banks m w88 increase capital.

Financial-banking expert Nguyen Tri Hieu attributed big profits m w88 credit growth, saying that credit grew by 15.9 percent in October and is expected m w88 reach 18 percent this year.

Better risk management and lesser spending for risk provision fund led m w88 higher profits, he said.

Mr. Hieu commented that banks in general have fairly high capital than the past years.
Source: VNA