Prosperity and Growth Commercial Joint Stock Bank
UUPCOM:PGB9,600.00
VND
0.00
(0.00%)
ISIN
VN000000PGB7
Return %
Stock
S&P 500
1Y
-29.41
13.14
3Y
-63.22
80.78
5Y
-59.66
67.74
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Van Huong Nguyen
- Full Time Employees
- 1,871
- Sector
- Finance
- Industry
- Regional banks
- Address
- Ha Noi Vietnam
- IPO Date
- Dec 24, 2020
- Website
- pgbank.com.vn
- Similar Companies
- Business
- Prosperity and Growth Commercial Joint Stock Bank (PGBank) is a Vietnam-based commercial banking institution that provides a comprehensive suite of commercial, retail, and institutional financial products and services to individual consumers, small and medium-sized enterprises (SMEs), and corporate clients across Vietnam. The bank operates through three core business segments: Retail Banking, Corporate Banking, and Treasury and Capital Markets. Its product and service portfolio encompasses deposit and liquidity management solutions, including demand deposits, fixed-term savings, payroll accounts, and multi-currency deposit schemes; consumer and commercial credit facilities, comprising residential mortgages, auto loans, consumer installment loans, working capital financing, medium-to-long-term project loans, and syndicated lending; payment and card solutions, featuring domestic and international debit and credit cards, merchant acquiring services, and the multi-function Flexicard; trade finance and international transaction services, consisting of commercial letters of credit (L/C), import and export documentary collections, invoice discounting, and international SWIFT wire transfers; treasury, foreign exchange, and market solutions, providing FX spot, forward, and swap transactions, interest rate hedging, and commodity price derivative instruments; domestic guarantee operations, including bid bonds, performance bonds, and payment guarantees; digital banking infrastructure, delivering web-based internet banking, the PGBank Mobile application, and electronic billing services; and third-party bancassurance distribution. Originally founded in 1993 as Dong Thap Muoi Rural Commercial Joint Stock Bank, the institution is headquartered in Hanoi, Vietnam, and operates an extensive nationwide branch network consisting of branches and transaction offices across major economic provinces. In recent developments, the institution completed a major ownership restructuring and strategic overhaul following the full divestment by former majority shareholder Vietnam National Petroleum Group (Petrolimex), which auctioned its entire 40% equity stake to institutional investors affiliated with the Thanh Cong Group ecosystem. Concurrently, the bank officially changed its corporate name from Petrolimex Group Commercial Joint Stock Bank to Prosperity and Growth Commercial Joint Stock Bank, introduced a refreshed brand identity, relocated its corporate headquarters to Thanh Cong Tower in Cau Giay District, Hanoi, and executed capital enhancement programs to expand its charter capital base and accelerate the rollout of modernized digital banking and retail credit capabilities under its multi-year strategic roadmap.