Habubank to Increase Chartered Capital

The Ha Noi Building Joint Stock Commercial Bank (Habubank) has announced it will increase its chartered capital to VND900 billion  (US$56.3 million), three times higher than that at the end of 2005.

This would make Habubank the 4th largest commercial joint stock bank in Viet Nam in terms of chartered capital.

The bank's total assets were estimated to reach VND12 trillion  (US$750 million) in 2006, a 120 percent increase over 2005. The bank expected to reach a charted capital of at least VND1 trillion  (US$62.5 million) by the end of 2006.

Source: VNA

Other news