Vietnam
Vietnam's Vietinbank establishes subsidiary bank in Germany
Vietinbank has been allowed in principle by the State Bank of Vietnam to set up a subsidiary bank in Germany.
Vietnam's Vietinbank establishes subsidiary bank in Germany
Vietinbank has been allowed in principle by the State Bank of Vietnam to set up a subsidiary bank in Germany.
Vietnamese banks reaching out to nearby markets
Maritime Bank plans to set up branches or 100 percent Vietnamese owned banks in foreign markets, possibly Laos and Cambodia.
VietinBank’s Laos branch to sign $20M credit contract with telco netwrok
VietinBank’s Laos worked with Unitel on detailed agreements to prepare for signing a credit contract worth $20 million.
OCB's after-tax profit remains unchanged at $15.38M
Orient Commercial Bank generated an after tax profit of VND302 billion or US$15.38 million last year, same as in 2010.
SHB and Habubank approved for merger
The State Bank of Vietnam has approved in principal the merger between Habubank and SHB.
HSBC Viet Nam pre-tax profit up 40%
HSBC Viet Nam’s pre-tax profits grew 40 per cent last year to VND1.97 trillion or US$94 million.
Vietnam bank merger deals expected to mushroom
State Bank of Vietnam's efforts to speed up the bank restructuring process is expected to lure five to eight banks in mergers this year.
Viet Capital Bank targets 17% credit growth
Viet Capital Bank is targetting a credit growth target of up to 17 percent, according to its business plan for 2012.
Vietnam's Sacombank opens 4th branch in Cambodia
Vietnam's Sacombank inaugurated a branch in Kampong Cham City, taking to four the number of its branches in Cambodia.
Vietnamese banks compete by opening more branches
Banks in Vietnam are opening new branches to strengthen their market presence.
Vietcombank targets $238.6M after tax profit in 2012
Vietcombank is targeting an after tax profit at 4.929 trillion dong or US$238.6 million, a year on year increase of 17%.
Vietinbank prepares to issue overseas bonds
Vietinbank is preparing to issue overseas bonds by conducting a series of road shows in major foreign markets.
DongA Bank wants name retained in case of merger
DongA Bank will consider merging with another lender if shareholders approve it on late March.
State Bank denies rumors of SHB's takeover of Habubank
Tthe State Bank of Vietnam stated that it has not received any report on the SHB’s proposal to buy Habubank.
HSBC opens in Vung Tau
HSBC Vietnam is opening a representative office in Vung Tau City.
VietinBank to set up credit risk management system
VietinBank will set up a system to manage credit risks at the bank in accordance with Basel II standards.
Vietnam banks still cautious on lending
Fears of credit availability still linger as banks remain cautious towards new lending.
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