Techcombank’s Charter Capital Surpasses Vietcombank, VietinBank, and BIDV

With a successful rights issue, Techcombank's charter capital has soared to an impressive VND 70,450 billion. This remarkable feat has positioned the bank ahead of the three largest state-owned banks in Vietnam, namely BIDV, Vietcombank, and VietinBank.

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Vietnam Technological and Commercial Joint Stock Bank (Techcombank – Code: TCB) has just announced the completion of the issuance of 3.52 billion shares to increase capital from equity sources.

Previously, Techcombank had finalized its shareholder list on June 21, 2024, to issue bonus shares at a ratio of 1:1 (for every 1 share held, shareholders will receive 1 new share).

These shares are expected to be delivered to shareholders in the third quarter of 2024, after completing the change of securities registration at the Vietnam Securities Depository and Clearing Corporation (VSDC) and registering for additional trading of new shares at the Ho Chi Minh City Stock Exchange (HoSE).

As the bonus share payment ratio is 1:1, no fractional shares will arise. Following this issuance, Techcombank’s outstanding shares have increased to over 7.045 billion, corresponding to a charter capital of VND 70,450 billion, surpassing the three large state-owned banks: BIDV (VND 57,004 billion), Vietcombank (VND 55,891 billion), and VietinBank (VND 53,700 billion). This makes Techcombank the second-largest bank in the system in terms of charter capital, second only to VPBank (VND 79,339 billion)

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