Maritime Bank: Got OK To Raise Capital 34% To VND3 Trillion

VNStockNews.com - Maritime Commercial Joint Stock Bank said Wednesday it received approval from the State Bank of Vietnam to raise its registered capital by 34% to VND3 trillion ($168.5 million).

The added capital will be used to expand its service network nationwide and to provide more medium- and long-term loans to businesses, the bank said in a statement.

The Hanoi-based bank's assets were VND50 trillion at the end of October, up 107% from a year earlier, the bank said.