Dragon Capital is a significant stakeholder in a network of banks

DNHN - It is not too surprising that Dragon Capital made more investments in banks this year.

Dragon Capital Fund's Director of Investment Strategy- Mr Le Anh Tuan told investors in 2022 that banks are one of the sectors that should not be left out of investment plans. 

According to Dragon Capital's analysis, the banking industry will have a lot of good things happen in 2022. This includes the possibility of credit growth above 15%, bad debt is likely to fall very quickly, and profit is expected to be over 15%. Reports that the economy grew by more than 30%, with supporting information like the sale of strategic capital, sudden profits, and even some banks that want to open up to foreign investors.

Because Dragon Capital is a big investment fund in Vietnam with a lot of money under management, investors are always interested in what they do with their portfolios.

Recently, member funds of Dragon Capital have been steadily increasing their stakes in Sacombank and MB, making them major shareholders of these two banks for the first time in their history.

Dragon Capital bought a total of 916,800 shares of MBB through member funds on March 1. This increased its ownership of the bank from 4.99% to 5%. Dragon Capital owns a lot of shares in a lot of different banks.

All 61 million shares of the bank were sold by the investment fund in August 2011. That was 6.66 per cent of the bank's charter capital at the time.

These two banks also bought VPB shares in May 2021. Dragon Capital's funds bought 3.15 million shares, which meant that Dragon Capital became a major shareholder group.

Han Vu