This was the first step to trading the bank’s shares on the Unlisted Public Company (UpCom) market. The value of the registered shares is 8.878 trillion VND (394.6 million USD), which is its charter capital, under the certification for trading registration issued by the VSD on December 12.
According to Vietnam Technological and Commercial Joint Stock Bank (Techcombank), the deposit was made to comply with a finance ministry circular, which requires all unlisted public companies to register for trading on UpCom no later than December 31, 2016.
The registration is necessary to increase the liquidity of Techcombank shares and will improve its standing because of transparency in disclosing information.
The bank reported that the bank’s post-tax profit for the first nine months of 2016 hit 2.29 trillion VND, a year-on-year increase of 89.5 percent. Its total assetsare worth 222.7 trillion VND, up 16 percent compared to last year’s figure.
