Thursday 22 May 2008

Military Bank to boost charter capital

Thursday, May 22, 2008

Military Bank to boost charter capitalMilitary Commercial Joint Stock Bank’s shareholder meeting on May 20 resulted in a decision to raise the bank’s charter capital to 3.4 trillion VND (212.5 million USD).

The bank will also increase total assets to 46.5 trillion VND (2.9 billion USD), 1.5 times higher than last year.

The charter capital increase will be carried out in four phases.