PGBank, Vietinbank to merge at 1:0.9 share swap ratio

PGBank, Vietinbank to merge at 1:0.9 share swap ratio

Visual from Vietinbank's website

Petrolimex Group Commercial Bank, or PGBank, will be merged into Vietnam’s second largest bank by assets, Vietinbank, via share swap. Both banks organised their shareholder meeting on Tuesday to announce the merger scheme.

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