Banks plan to hike capital

VNStockNews.com - Eximbank announced that up to June 30, the bank achieved per-tax profit of 813 billion dong, total assets value of about 55 trillion dong, outstanding loans with supporting interest rate of over 6 trillion dong, counting for 20 percent of total outstanding credit, and total raising capital value from individuals and economic organisations reached 40 trillion dong.

After setting up financial standby and credit risk funds, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank – coded STB) announced to gain 905 billion dong in pre-tax profit in the first six months of this year. Up to the end of June, Sacombank's bad debt rate was posted at 0.71 percent; and the bank's total capital surplus stood at 1.62 trillion dong.

Meanwhile, Vietnam Bank for Foreign Trade (Vietcombank) achieved over 2.45 trillion dong of pre-tax profit after establishing the standby fund for risks.

Saigon Commercial Joint Stock Bank (SCB) posted H1 pre-tax profit of 381 billion dong, increasing 40 percent against the same period of last year. The bank hopes to earn 500 billion dong of profit for the last six months of this year.

From July 15, SCB will officially increase its chartered capital from 3.299 trillion dong to 3.636 trillion dong via issuing shares in order to pay 2008 dividend – phase 2 and to allocate bonus shares for the existing shareholders from the capital surplus.

The State Bank of Viet Nam (SBV) has approved a plan of increasing chartered capital for Eximbank from 7.219 trillion dong to 8.8 trillion dong at the end of June.

Similarly, LienVietBank and DongABank recently completed rising their chartered capital to 3.65 trillion dong and 3.4 trillion dong respectively.

Sacombank and Asian Commercial Bank (ACB) also plan to increase its chartered capital from now to the end of 2009. (TBKTVN)