IFC proposes $100m investment in Vietnam-based lender OCB dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
IFC seeks to invest $100m in Vietnam-based lender OCB Premium
International Finance Corporation (IFC), a member of the World Bank Group, is considering an investment of up to $100 million in Vietnam-based Orient Commercial Bank (OCB), according to a disclosure.
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Banks plan to attract foreign capital 14:35 | 05/03/2021
While many Vietnamese banks have foreign shareholders, there still remains ample room for foreign ownership
The shareholders of Viet Capital Bank have approved the plan to issue additional shares of up to a maximum of VND1 trillion ($43.5Â million) in the first quarter.
At the same time, the bank has just closed the list of shareholders whose written opinions will be requested on the plan to set the maximum foreign ownership limit at 30 per cent to attract additional foreign capital while improving financial capacity and competitiveness.
Nam A Bank is implementing a plan to increase its charter capital to VND7 trillion ($304.35Â million), including a plan to issue 57 million shares, equivalent to VND570 billion ($24.8Â million), to pay dividends at the rate of 12.4878 per cent and offer for sale 143 million individual shares, equivalent to VND1.43 trillion ($62.17Â million).