“The market regulators have approved our application for the share flotation but we have not decided on the date of the listing,” a spokesman for the Hanoi-based bank said.
SHB shares were being traded on unofficial markets at about VND10,300 each, or 3 percent higher than their face value, valuing the bank at around US$125 million, dealers said.
SHB, which has total assets of around VND12 trillion, said in March it aimed to earn a pre-tax profit of VND750 billion ($45 million) and pay a dividend of 17 percent this year.
Asia Commercial Bank is currently the only bank listed on the Hanoi stock exchange and Sacombank is the only bank listed on the main board Ho Chi Minh Stock Exchange.
Source: Reuters |
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