Vietnam

DaiABank announced a pretax profit of VND502 billion in 2011, up 300% on year.

A favourable business environment is urging many Vietnamese banks to invest in Cambodia this year.

LienVietPostBankc announced a pretax profit of VND1.1 trillion as of Dec 31, 2011, up 45% from last year.

DongA Bank's pretax profit increased 46.3% to VND1.255 trillion in 2011.

PG Bank reported a pretax profit of VND608 billion in 2011.

Vietnam's banks have to intensify measures in coping with a sudden surge in withdrawals at their ATMs.

Many Vietnamese banks have announced profits of trillions of dong in 2011 despite the many challenges. However, many banks say that these profit levels are not high in comparison with their equity size.

The State Bank of Vietnam, the central bank, resolutely denies the country’s banking system has fallen into a severe debt crisis.

VietinBank Financial Leasing was allowed to raise its chartered capital from VND500 billion to VND800 billion.

After lying low for several months, several banks, especially smaller ones, appear to be again breaching the 14 per cent cap.

Vietnam's OceanBank is looking for a foreign strategic partner.

VietinBank held a conference to assess the results of business performance in 2011 and set the direction and tasks in 2012. Among the participants was State Bank of Vietnam Governor Nguyen Van Binh.

The State Bank of Vietnam has issued a decision to amend the chartered capital of VietinBank-CTG’s Financial Leasing one-member Ltd Co.

he public questioned why Eximbank invested and holds a quite large ownership ratio in Sacombank while some big shareholders of were divesting capital.

Vietcombank will target a 6.5 trillion dong of pre-tax profit in 2012.

Saigon Commercial Bank, the first merged bank to be formed under the State Bank of Vietnam’s plan to restructure the banking system, officially became operational.