HANOI, Oct 10 (Reuters) - BIDV, Vietnam's largest partlyprivate bank by assets, has secured a licence to list shares onthe Ho Chi Minh Stock Exchange, market regulators said onWednesday.
The Hanoi-based bank, also known as the Bank for Investmentand Development of Vietnam, will list all 2.3 billion shares onthe exchange, representing its registered capital of 23.01trillion dong ($1.1 billion), the exchange said in a statement.
BIDV's debut would be the biggest this year on the Ho ChiMinh City-based market. Last December BIDV raised nearly 1.58trillion dong in Vietnam's largest share sale of2011.
The bank's market valuation was not immediately known.Liquidity has been thin since the 2011 share sale, and theexchange gave no specific dates or the starting price for BIDV'sshare debut.
The Ho Chi Minh Stock Exchange's VN Index closed up0.25 percent at 394.66 points on Wednesday, below the year'shigh of 492.44 points reached on May 8. The index has risen morethan 12 percent this year.
Last month Standard & Poor's Ratings Services affirmedBIDV's ratings at B plus with a stable outlook.
BIDV said its total assets reached 444.63 trillion dong onJune 30, up 9.6 percent since the end of 2011.
BIDV shares would join those of VietinBank - thesecond-largest partly private lender - and Vietcombankon the Ho Chi Minh City market.
In June, BIDV reported a 41 percent jump in first-quarternet profit to 1.4 trillion dong.
(Reporting by Ho Binh Minh; Editing by Daniel Magnowski)
Keywords: VIETNAM LISTING/BIDV