Vietnam

Vietcombank will allocate VND 2 trillion or US$96 million to provide low-interest loans for business and consumption purposes.

Ocean Bank will sell 15 per cent of its total capital to Hermes Capital this year.

VietinBank has completed all procedures to debut its branch in Berlin in late May 2012.

Ocean Bank revealed a plan to form a partnership with the UK’s Hermes Capital to help better its operations.

DongA Bank generated a pretax profit of VND500 billion or US24 million in the first four months of this year.

Eximbank will now control Sacombank's board of directors after investing about VND1.6 trillion or US$76.2 million in the said bank.

The pace of credit growth has outstripped the availability of funds since 2008, says Standard & Poor's.

With various difficulties that abound Vietnam's banking system, is the target even possible?

VietinBank became the first Vietnamese financial institution to successfully issue US$250 million worth of bonds in international markets at an annual real coupon of 8.25%.

Sacombank may sell shares to foreign investors up to 15 percent of it chartered capital.

The draft plan to merge Hanoi Building Commercial Bank into Saigon-Hanoi Commercial Bank has been approved by shareholders of both banks.

Loan growth moderated to 10.9% in 2011, about half the government's target of 20%, according to Standard & Poor's.

Petrovietnam has approved the plan to change the operational model of Petrovietnam Finance Corp and convert it into a bank.

Habubank’s shareholders have approved the plan to merge with Saigon-Hanoi Commercial Joint Stock Bank.

The chartered capital of Laos-Vietnam Joint Venture Bank may be raised from $35 million to US$70 million in May 2012.

ACB reported a net interest income of 1.651 trillion dong in the first quarter of 2012, increasing by 29 percent over the same period last year.