Military Bank Gets OK To Raise Capital To VND4.4 Trillion

VNStockNews.com - The Military Commercial Joint Stock Bank of Vietnam said Friday that it has received approval from Hanoi authorities to raise its registered capital to VND4.4 trillion ($237.8 million) from VND3.4 trillion.

The additional capital will come from the conversion of 1,000 bonds it issued in 2007, the bank said in a statement.

The bank said it had pretax profit of VND1 trillion in the first 10 months of this year, meeting its target for the whole year.