Deutsche Bank AG Named IPO Consultant for MHB

Deutsche Bank AG Singapore will provide IPO consultancy for Mekong Housing Bank (MHB), which is one of five State owned banks in Vietnam.

 

Under the deal recently signed by the two parties, Deutsche Bank AG and its subcontractors will assess MHB’s assets, set up the equitisation plan and make the initial public offering (IPO). The consultancy is expected to be complete in October 2007.

Started operation in April 1998, the Ho Chi Minh City based MHB has one transaction exchange in Ho Chi Minh City, a representative office in Hanoi, a card centre, a securities company and more than 130 branches and transaction offices in the country. According to international standard auditing of its four year business results, MHB is rated a healthy, effective and rapidly growing bank.