SBV approves NaviBank to list on HNX

VNStockNews.com - State Bank of Vietnam (SBV) governor approved Nam Viet Commercial Joint Stock Bank (NaviBank) to list shares on Hanoi Stock Exchange (HNX).

The bank will raise its chartered capital from one trillion dong to two trillion dong. After the capital increase, total assets of Navibank to December 31, 2009 will reach 20 trillion dong, the ratio of total profitable assets on total assets is targeted at least 85 percent, total outstanding loans of 13.050 trillion dong and total revenue of 1.442 trillion dong, up 12.04 percent year-on-year.