Newly merged banking giant on the cards

Source: Pano feed

(VOV) -Maritime Bank shareholders have agreed with the bank’s plan to merge with smaller Mekong Bank to create one of the five biggest banks in Vietnam.



Maritime Bank held a congress for its shareholders on April 19 and reached a consensus on the merger with Mekong Bank.


Dao Trong Khanh, Vice Chairman of Maritime Bank, said the two banks have completed initial steps towards the deal, which is due to be submitted to the State Bank of Vietnam (SBV) for approval.


At present, Maritime Bank has chartered capital of VND8,000 billion, while its partner – Mekong Bank – owns VND3,750 billion with nearly 300 transaction offices nationwide.


At an April 15 congress, Mekong Bank also received strong support from its shareholders for a merger deal with Maritime Bank.


Once merged, the new bank is expected to sharpen competiveness and fully tap potential to earn more profit.




Đăng ký: VietNam News

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