China Everbright Bank eyes Aug. 18 listing

SHANGHAI, July 29 (Reuters) - China Everbright Bank aims to complete its potential $2.9 billion Shanghai initial public offering by Aug. 18, joining larger rivals in tapping the market for funds after a 2009 lending binge dented balance sheets.

Everbright Bank, China's 11th biggest lender by assets, will kickstart investor roadshows in four major Chinese cities, including Beijing and Shanghai, from July 30 to Aug. 5 and aims to list on the Shanghai Stock Exchange on Aug. 18, it said in a statement late on Thursday.

It will take subscriptions from institutional investors from Aug. 9, the bank said.

Controlled by Central Huijin, the investment arm of China's sovereign wealth fund, Everbright Bank would sell 6.1 billion yuan-denominated A shares in the IPO. (Reporting by Soo Ai Peng; Editing by David Holmes)