Sumitomo Bank in Vietnam to increase capital by $470M

The State Bank of Vietnam approved the applications for additional capital increase of nearly $470 million by Sumitomo Mitsui Bank's HCM City and Hanoi branches.

Sumitomo's HCM City branch got the approval to raise the chartered capital from $ 15 million to $165 million; SMBC branch in Hanoi to increase the capital from $15, 932,232 to $335 million.