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Which are the 10 banks with the largest chartered capital today?

Which are the 10 banks with the largest chartered capital today?

Wednesday 03, 06 2020
The charter capital of the top 5 banks alone accounts for nearly 44% of the total charter capital of banks across Vietnam.

BIDV leads in charter capital

The ranking of 10 banks with the largest chartered capital has no change compared to the end of 2019. In particular, BIDV continues to maintain the leading position with more than VND 40,220 billion after completing the sale of capital to KEB Hana Bank in October last year. Two "big" VietinBank and Vietcombank respectively ranked in 2nd and 3rd place with a capital of over 37,000 billion.

The following are Techcombank and Agribank with charter capital of over VND 35,001 billion and VND 30,372 billion respectively. Notably, Techcombank is also the only private bank to own chartered capital of over VND 30,000 billion.

The charter capital of the top 5 banks alone accounted for nearly 44% of the total charter capital of the 28 banks surveyed. In addition, the banks with the largest chartered capital also have the presence of banks such as VPBank (VND 25,299 billion), MBBank (VND 24,370 billion), Sacombank (VND 18,852 billion), ACB (VND 16,627 billion) and SHB (VND 15,231 billion). The divergence and gap between banks are quite clear when the charter capital of the leading banks has far exceeded the figure of VND 30,000 billion, in some small banks, the charter capital is only around the legal capital level. These include PGBank (3,000 billion), Saigonbank (3,080 billion), VietCapital Bank (3,171 billion), Kienlongbank (3,236 billion), or Viet A Bank (3,499 billion)...

In 2020, although most banks have the goal of raising capital, according to updated data from the consolidated financial statements for the first quarter of 2020, only 3 banks surveyed adjusted to increase charter capital, including SHB, LienVietPostBank, and MBBank. In which, from February 17, 2020 to April 27, 2020, SHB successfully offered nearly 300.8 million shares, bringing the total charter capital to VND 17,558 billion, up 45.88% compared to the end of the year (December 2019). The increase of SHB's charter capital is the basis for this bank to fully complete the pillars of Basel II. LienVietPostBank also completed the issuance of 88.8 million shares in the first quarter, thereby raising its charter capital from VND 8,881 billion to nearly VND 9,770 billion. Specifically, this bank issued nearly 82.5 million shares to pay dividends from undistributed after-tax profit as of December 31, 2018 and issued about 6.3 million bonus shares to increase its charter capital from share capital surplus. Earlier, at the end of January this year, MBBank was also approved by the State Bank to increase its charter capital from VND 23,727 billion to roughly VND 24,500 billion at the request of this bank.

the 10 banks with the largest chartered capital

Some banks have plans to increase capital in 2020

With positive business results in 2019, at the beginning of this year, Viet A Bank was approved by the SBV to increase its charter capital from VND 3,098 billion to nearly VND 5,005 billion in the form of issuing about 150.5 million shares. east exists. The purpose of increasing the capital of Viet A Bank is to meet Basel II standards, accelerate investment in information technology, improve financial capacity to grow scale. In addition, the SBV also approved to increase the charter capital for Nam A Bank from VND 3,890 billion to VND 5,000 billion through three options: Offering to existing shareholders more than 43.9 million shares (accounting for 13, 1% of current charter capital), private offering of 50.3 million shares (15%) and issuing 16.76 million shares (5%) under the employee selection program.

Some banks have plans to increase capital in 2020

In 2020, NCB also plans to increase its chartered capital by VND 3,000 billion to over VND 7,101 billion, equivalent to an increase of more than 73%. The bank expects to issue 10 million shares to officials and staff and 290 million shares to existing shareholders in the first quarter at VND 10,000 / share.

Meanwhile, at the Annual General Meeting of Shareholders 2020 held on May 23, the representative of VietinBank's leadership proposed a plan to pay cash dividends in 2019 at a rate of 0%, which is to hold return all profits or implement a stock dividend plan to increase equity, meeting business development requirements.

TPBank at the general meeting of shareholders on May 27 also approved the plan to increase capital by 20% to VND 10,200 billion.

Thus, with the plan to issue shares of some banks to raise capital in the coming time, it is expected that the new chart of chartered capital by the end of 2020 will have many changes compared to the present.

Source: nhadautu.vn

Categories
Banking & Finance

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