On 14/7, over 1.08 billion VBB shares of Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank) began trading on the Ho Chi Minh City Stock Exchange (HoSE).
The reference price for VBB on its listing day was 13,300 VND per share, with a 20% trading band. With nearly 1.08 billion listed shares, Vietbank's market capitalization upon its debut reached approximately 14,400 billion VND.
During the first hour of trading, VBB opened at 15,100 VND per share, nearly 14% above its reference price. The stock then retreated to around 13,500 VND, still showing a gain of nearly 2% even as the VN-Index temporarily fell by about 1% and most bank stocks traded below their reference levels.
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Duong Nhat Nguyen, Chairman of Vietbank, receives the listing decision from Trinh Son Hong, Acting Chairman of the Ho Chi Minh City Stock Exchange. *Photo: Vietbank* |
Previously, on 29/6, Vietbank completed the delisting of VBB shares from UPCoM to transfer its listing to HoSE. In its final trading session on UPCoM, VBB closed at 13,700 VND per share, representing a 45% increase from the start of the year and 58% higher than its mid-March low.
Nguyen Huu Trung, Vice Chairman of Vietbank's Board of Directors, stated that the HoSE listing is a milestone in the bank's development, aiming to enhance governance quality, transparency, and create long-term value for shareholders.
In parallel with the listing transfer, Vietbank plans to increase its charter capital to 15,548 billion VND.
For the first six months of the year, Vietbank reported a pre-tax profit of 923 billion VND, a 79% increase compared to the same period last year. The bank's net interest income reached nearly 1,750 billion VND, up 26%. By the end of June, the bank's total assets surpassed 205,000 billion VND, an increase of over 4% from the beginning of the year; outstanding loans were nearly 120,300 billion VND, up 11%; and customer deposits reached 132,369 billion VND, an increase of over 5%.
This year, Vietbank aims for a pre-tax profit of 2,100 billion VND. Total asset growth is expected to be 17%, credit growth over 23%, capital mobilization 24%, and the non-performing loan ratio controlled below 2.5%.
Vietbank is the 22nd bank to list on HoSE. Previously, KienlongBank and VietABank also transferred from UPCoM to this exchange. BVBank's BVB shares are expected to begin trading on HoSE on 21/7.
Quynh Trang
