Banks unveil plan to increase capital

FILE PHOTO: A Vietnamese flag flies atop the State Bank building, near the Vietcombank and Bank for Investment and Development of Vietnam buildings, in central Hanoi, Vietnam November 23, 2017. REUTERS/Kham/File Photo

HANOI: Many banks have recently announced plans to significantly increase charter capital to improve the capital adequacy ratio and strengthen financial potential for credit and business expansion.

Techcombank has presented to shareholders a plan to increase capital from nearly 35.23 trillion dong to more than 70.45 trillion dong through issuing shares from equity sources.