The merger between Habubank and SHB has been approved Governor of the State Bank of Vietnam, Nguyen Van Binh.
The two banks were asked to complete procedures on the merger for submission to the governor for approval.
The new bank will be named as Saigon-Hanoi Commercial Joint Stock Company, with a charter capital of nearlyUSD428.57 million and total assests of over USD4.76 billion. It will havearound 500,000 customers and 5,000 staff. After the merger, one share of Habubank will be equal to 0.75 an SHB share.
Governor Binh announced that SBV will complete plans to restructure nine badly performing banks this month.
For more.
Join
Asian Banking & Finance
community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!