Western Bank Gets OK To Double Capital To VND2 Trillion

VNStockNews.com - The State Bank of Vietnam said Thursday that it has allowed Western Commercial Joint Stock Bank, or Western Bank, to double its registered capital to VND2 trillion ($112 million).

The bank, located in the southern province of Can Tho, reported pretax profit of VND68.4 billion in the first nine months of this year.

Western Bank had total assets of VND5.08 trillion at the end of September, up from VND3.09 trillion at the end of June.