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Agribank to sell stake in PVcomBank

by 198 Vietnam News
March 3, 2022
in VIETNAM AGRICULTURE NEWS
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Agribank to sell stake in PVcomBank

The Agribank emblem is seen on a constructing in District 1, Ho Chi Minh Metropolis. Photograph by Shutterstock/StreetVJ.


Agribank, one of many ‘Large 4’ state-owned lenders, goes to make a aggressive providing of 247,500 shares of PVcomBank.

The providing might be made on August 2 at Agribank Securities Joint Inventory Firm, and beginning worth might be VND11,666 ($0.51).

As of the tip of March, PVcomBank had two main shareholders, Vietnam Oil & Fuel Group with a 52 p.c holding and Morgan Stanley with a 7 p.c holding.

PVcomBank has complete belongings of over VND185 trillion, reported pre-tax earnings of over VND10 billion within the first quarter of this 12 months and has a nasty debt price of greater than 3 p.c.



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Tags: AgribankPVcomBanksellstake
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