Sunday, September 20, 2009

ANZ Vietnam to double its capital


Australia and New Zealand Banking Group (ANZ) has received permission from the State Bank of Vietnam to double the registered capital of its subsidiary, ANZ Vietnam, to VND2 trillion (US$112 million).
“Commercial banks, especially foreign ones, operating in Vietnam continue to raise their registered capital despite the global financial crisis and economic slowdown.
It means that Vietnam is a safe destination for foreign investors,” the central bank said on its website on Friday.

ANZ had obtained the license to open a wholly-owned bank in Vietnam last October.
Reported by Thanh Nien staff

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