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Established in 1989, the bank is known to have a competitive advantage in settlement and foreign exchange trading. Once listed, the bank will have the fifth largest market cap in Vietnam. At its reference price, Eximbank will debut at 19.9x FY09 P/E and 1.8x FY09 P/B, which represents a 9.5% and 48.1% discount to its local peers, and a 51.3% and 14.8% premium to its regional peers in the banking industry.
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