According to Viet Capital Commercial Joint Stock Bank (VietCapitalBank), the procedures for registration of BVB shares of the bank on the Unlisted Public Company Market (UPCoM) have completed and the first trading date is expected to be on July 9th 2020.
Previously, the Vietnam Securities Depository (VSD) has announced the issuance of securities registration certificate for VietCapitalBank with charter capital of 3.1717 trillion dong, equivalent to a 317.1 million registered shares.
The registration of BVB shares for trading on the UPCoM has been implemented by VietCapitalBank in accordance with the roadmap agreed by shareholders at the bank’s Annual general Meeting (AGM) in 2019. This is one of the important plans in the 2016 2020 strategy which is implemented by the bank.
In addition to putting the stock on the UPCoM on schedule, VietCapitalBank has also completed the construction and implementation of a capital adequacy calculation model under the Basel II standards.
The 2020 AGM on June 26th of VietCapitalBank has approved the business plan in 2020. The bank aims to expand total asset by 16%, develop total mobilisation and outstanding credit by 17%, and increase pre-tax profit by 27 percent (the bank attained 158 billion dong of pre-tax profit in 2019).
In the first five months of the year, VietCapitalBank cleared off all bad debts at Vietnam Asset Management Company (VAMC), continues to be a fast-moving bank in terms of digital banking development with rapid expansion of cooperation with fintech companies, providing pioneering utilities to customers.
At the 2020 AGM, VietCapitalBank also elected a management board for the new term. Accordingly, the bank’s BOD in the term of 2020 2025 includes Le Anh Tai, Nguyen Thanh Phuong, Ngo Quang Trung, Vuong Cong Duc, Nguyen Nhat Nam. The Supervisory Board includes Phan Thi Hong Lan and Le Hoang Nam.
