Transactions at BIDV (Photo: cafef.vn) Hanoi (VNA) – The Bank for Investment and Development of Vietnam (BIDV) will float more than 603 million new shares, or 15 percent of its stake to the Republic of Korea’s KEB Hana Bank under its resolution No.696/NQ-BIDV issued on July 22. The deal will help BIDV increase its charter capital by more than 20.29 trillion VND (873.6 million USD). Both banks will continue processing required procedures to complete their deal soon. BIDV, among Vietnam’s leading lenders by assets, has 1.37 quadrillion VND in total assets. In the first nine months of the year, it made such achievements as being in Global 2,000 list by Forbes-an annual ranking of the world’s biggest and most powerful public company, and having credit rating upgraded one notch from B to BB- by the global ratings agency Standard & Poor’s. As for KEB Hana Bank, it is a member of the Hana Financial Group – one of the largest financial corporations in Asia. Besides a strong domestic network, the bank has set up 144 transaction points in 24 countries across the world. As of June 30, KEB Hana Bank’s total assets worth 308.3 billion USD. Last year, it was… Read full this story
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BIDV sells 15 percent stake to RoK’s KEB Hana Bank have 315 words, post on en.vietnamplus.vn at July 22, 2019. This is cached page on Talk Vietnam. If you want remove this page, please contact us.