Vietnam
Agribank not to be equitized soon, says governor
There are no plans to equitize Agribank in the next five years, accordingto the Governor of the The State Bank of Vietnam.
Agribank not to be equitized soon, says governor
There are no plans to equitize Agribank in the next five years, accordingto the Governor of the The State Bank of Vietnam.
Vietnam needs to merge weak banks: Experts
Vietnam has too many domestic banks, many of which are overloaded with toxic debt. The banking system is also poorly governed.
Agribank offers $477M in low-interest loans for exporters, importers
Agribank will provide preferential loans worth VND 10 trillion or US$477.4 million for exporters and importers at a 12% annual interest rate.
Vietinbank, BIDV evaluated stable by S&P
Vietinbank and BIDV received a stable rating from Standard and Poor's, improving from its previous negative mark.
VietinBank deploys Western Union via SMS
VietinBank becomes the first bank in Asia to successfully deploy Western Union money transfer via SMS.
New Sacombank managers pursue merger partners
Outsiders who successfully took control of Sacombank are pursuing mergers with other banks.
VietinBank assigned to serve $80Mln ADB Loan
The State Bank of Vietnam has assigned VietinBank to service a project worth $80 million funded by the Asian Development Bank.
Laos-Vietnam Bank to double chartered capital
Laos-Vietnam Bank will double its chartered capital to 70 million USD in June 2012 from the current 37.5 million USD from June 2012.
Sacombank’s power transferred to new board
Almost all the power in Sacombank has been transferred to new shareholders group, ending a year-long acquisition.
Bank cards mainly used in Vietnam for cash withdrawal
Bank cards are mainly used for cash withdrawal in Vietnam, with 82% of the total transaction value conducted via the ATM system.
Vietcombank offers $96M in low-interest loans
Vietcombank will allocate VND 2 trillion or US$96 million to provide low-interest loans for business and consumption purposes.
Ocean Bank to sell 15% stake to Hermes
Ocean Bank will sell 15 per cent of its total capital to Hermes Capital this year.
VietinBank opens branch in Berlin
VietinBank has completed all procedures to debut its branch in Berlin in late May 2012.
Ocean Bank to collaborate with UK partner
Ocean Bank revealed a plan to form a partnership with the UK’s Hermes Capital to help better its operations.
DongA Bank earns $24M pretax profit in 4 months
DongA Bank generated a pretax profit of VND500 billion or US24 million in the first four months of this year.
Eximbank takes control of Sacombank board
Eximbank will now control Sacombank's board of directors after investing about VND1.6 trillion or US$76.2 million in the said bank.
Vietnam's rising loans-to-deposits ratio
The pace of credit growth has outstripped the availability of funds since 2008, says Standard & Poor's.
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