Wednesday, August 20, 2025 7:32:03 PM - Markets open
VN-INDEX 1,664.36 +10.16/+0.61%
HNX-INDEX 283.73 -2.72/-0.95%
UPCOM-INDEX 109.68 -0.10/-0.09%
Vietcombank is now the second largest shareholder at Eximbank
vietnamnews - 10/18/2024 9:50:38 AM
 (0 ratings. You must sign in to rate.)

Vietcombank holds 78.79 million Eximbank's shares (EIB), representing a 4.51 per cent ownership share of Eximbank's charter capital. 

Clients conduct transactions at an office of Eximbank. — Photo courtesy of the bank

Vietcombank is now the second-largest shareholder of Eximbank, trailing only Gelex, according to Eximbank's recent published shareholder list. 
 
One of the Big4 banks now holds 78.79 million Eximbank's shares (EIB), representing a 4.51 per cent ownership of Eximbank's charter capital. 
 
The State-owned banking giant Vietcombank has maintained a significant stake in EIB for over a decade. 
 
Initially owning over 8.19 per cent of Eximbank's capital before 2012, Vietcombank later reduced its ownership to 4.5 per cent, in compliance with regulatory directives. 
 
The original cost of the 78.9 million EIB shares purchased by Vietcombank was close to VNĐ400 billion. But at the current market price, the deal is worth about VNĐ1.4 trillion (US$55.6 million).
 
Over the past few months, Eximbank's shareholder composition has seen notable fluctuations following the entry of Gelex Group. Currently, Gelex is the leading shareholder with 174.7 million shares, representing a ten per cent ownership stake. 
 
Gelex made its debut on the bank's shareholder roster in July and has since boosted its ownership from 4.9 per cent to 10 per cent.
 
Eximbank also has three shareholders who own over 1 per cent of the charter capital: VIX Securities JSC, Lương Thị Cẩm Tú and Lê Thị Mai Loan.
 
On the stock market, EIB shares closed the day at VNĐ18,800, up 1.9 per cent. 
 
EIB shares witnessed a substantial price increase since September 23, followed by a significant sell-off on October 14. 
 
The sell-off was triggered by rumors circulating in stock forums about a document suggesting personnel changes within the bank. These speculations caused apprehension among investors, especially given Eximbank's ongoing efforts to fortify its management structure amid significant changes.
 
Eximbank clarified that the document shared on social media, concerning serious risks to operational safety and the potential collapse of the Eximbank system, is neither an official communication from the Eximbank Control Board nor endorsed by the bank.
 
Eximbank said that this unverified document's origins are unclear. The bank is now seeking official assistance to investigate the motives behind circulating this document, aiming to protect the legal rights and interests of the bank, customers, shareholders and partners.
 
Eximbank assures that it operates steadily, safely and effectively, catering to diverse financial needs. Financial data is transparent, audited to international standards. Key indicators are robust, meeting capital and liquidity requirements, and resilient to market risks. The bank complies with regulations, ensuring transparency.
 
In the first nine months of 2024, Eximbank saw positive growth with profit before tax of over VNĐ1.47 trillion, up slightly over last year. — VNS
 
Read original article here
 
Newer News
14:13 Vinamilk milks top spot as world’s most promising dairy brand
15/08 SHB posts 59 per cent jump in Q2 profit, accelerating growth
04/08 Coteccons ends FY2025 with $1.3 billion backlog, 32% jump in construction projects
29/07 Private enterprises to be a driving force behind VN's brands
28/07 VIC: Vingroup seeks shareholder approval for business expansion
11/07 HPG: Hòa Phát reported 5 million tonnes in sales during first half of 2025
11/07 Nearly 1,500 household businesses converted into enterprises in six months
07/07 VJC: Vietjet appoints new managing director
07/07 Over 152,000 new businesses enter the market in first half of 2025
02/07 Vietjet launches new Hà Nội–Chengdu route
Older News
17/10 SZC: Report on using capital from the issuance
17/10 SBG: Reporting materials on result of stock issuance
17/10 SGR: Plan for share private placement
17/10 CTG: Update documents of EGM 2024
17/10 VSC: Announcement of the change of listing
17/10 TIP: Change in personnel
17/10 STB: Relocation of Phan Xich Long transaction office
17/10 TDG: Record date for 2023 stock dividend payment
17/10 DAG: Decision on delisting of stock
17/10 OCB: Announcement of the change of listing
 
Newsletter Signup
Top Stories
Banks focus on increasing charter capital in second half of year
From pioneer to leader: Việt Nam's stock market hits 25-year milestone
New tax plan could discourage stock investment: insiders
MoF proposes 20% tax on capital gains from securities and equity transfers
HNX halts new stock listings in exchange restructuring
Market Update
Last updated at 3:10:05 PM
VN-INDEX 1,664.36 +10.16/+0.61%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.