AsemconnectVietnam - The State Bank of Vietnam has just issued a document approving Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank, code VBB - UPCoM) to increase its charter capital by a maximum of VND3,783 billion, through 2 rounds of share issuance to existing shareholders according to the plan approved by the General Meeting of Shareholders.

Vietbank plans to increase its charter capital by VND3,780 billion through 2 rounds of share issuance to existing shareholders.
In the first round, the Bank plans to issue more than 107 million shares (equivalent to 15%) to existing shareholders, with a par value of VND10,000/share. The source of implementation is from equity (retained profits and reserve fund to supplement charter capital until the end of 2024).
The number of additional shares issued is not subject to transfer restrictions. The expected issuance time is from the second to third quarter of 2025 and after completing the first issuance, Vietbank's charter capital will increase to VND8,210 billion.
In the second issuance, the Bank plans to issue nearly 271 million additional shares (equivalent to 33% of the charter capital increased after the first issuance) to existing shareholders (including new capital contributing shareholders). With an issuance price of VND10,000/share, the total value of shares issued in the second issuance is more than VND2,709 billion. The number of shares issued in this issuance is also not subject to transfer restrictions.
The expected time is from the third to fourth quarter of 2025. If both issuances are successful, Vietbank's charter capital can increase from VND7,139 billion to nearly VND10,920 billion this year.
VietBank's pre-tax profit in the first quarter of 2025 reached more than VND248 billion, after-tax profit reached VND198 billion, 3.4 times higher than the same period last year. This result mainly came from net interest income increasing by 56% over the same period, reaching nearly VND703 billion. Vietbank expects total assets by the end of 2025 to reach VND180,000 billion, up 11% compared to the end of 2024. Total outstanding credit balance reached VND112,000 billion, up 12% compared to last year; total capital mobilization reached VND132,000 billion, up 17%. The number of customers increased by 85% compared to last year. Pre-tax profit in 2025 is expected to reach VND1,750 billion, up 55% compared to the level achieved in 2024. The bad debt ratio is controlled below 2.5%; ROE reached 13.5%
N.Nga
Source: VITIC/Tinnhanhchungkhoan