Vietnam
TrustBank targets 80% growth in profit
TrustBank's business targets in 2011 include hiking its chartered capital to 5 trillion dong, up 66.7 percent over 2010.
TrustBank targets 80% growth in profit
TrustBank's business targets in 2011 include hiking its chartered capital to 5 trillion dong, up 66.7 percent over 2010.
HSBC Vietnam gains $69.7M pre-tax profit
HSBC in Vietnam earned a pre-tax profit of $67.9 million in 2010, a year-on-year increase of 38 per cent against the figure previous year.
ACB increases online dong deposit rate
ACB adjusted the dong demand saving rate for its online savings with a highest level of up to 9.6 per cent per year.
Sumitomo Bank in Vietnam to increase capital by $470M
The State Bank of Vietnam approved the applications for additional capital increase of nearly $470 million by Sumitomo Mitsui Bank's HCM City and Hanoi branches.
Shinhan targets merging of 2 Vietnamese units
The bank to tap Vietnam’s high growth potential in terms of financial services as 15% of its population has bank account.
Maritime Bank to raise charter capital to $383M
Maritime Bank approved targets to reach total assets of US$7.18 billion and outstanding loans of US$2.76 billion in 2011. These figures are up 30 per cent and 81.27 per cent year-on-year. It also seeks to curb its bad debt ratio below 2 per cent.
VietA Bank increases cap to $148.4M
VietA Bank finalised the charter capital increase to US$148.4 million. With total assets reaching US$1.15 billion, the bank also saw its total deposits reach US$964 million, a 190 per cent year-on-year growth.
HDBank to issue $258.7M worth of CDs
HDBank will issue US$258.7 million worth of Certificates of Deposits for both the dong and dollar. This will be applicable from March 24 to May 23, 2011.
Vietnam Development Bank to cut loans by 10.5%
VDB cut its target of disbursing loans to investment projects by US$143.9 million, or 10.5 per cent, to US$1.19 billion in 2011.
Sacombank inks $5M credit contract with Norwegian fund
Norfund will provide a $5 million to Sacombank-SBL for 5 years.
Oceanbank cuts lending rates to support exporters
Oceanbank cut dollar and dong lending interest rates from March, 2011 to support exporters who committed to sell back dollar income to the bank.
VietinBank provides budget collection service via Internet
VietinBank officially launched the state budget collection service via Internet.
DongA to sell 15% to foreign investors
DongA plans to sell a 15 per cent stake to foreign investors to raise $42.85 million. The bank didn’t name possible buyers.
Laos welcomes VietinBank branch
Laos’Permanent Deputy Prime Minister Somsavad Lengsavath expressed hope that VietinBank will help boost economic ties and trade between laos and Vietnam.
BNP Paribas and Sacombank signed Service Agreement in Cash Management
Under the Agreement, BNP Paribas will offer cash management services to its local and multinational customers through Sacombank’s branch networks in Vietnam.
Hana to pay addtional $79M for KEB takeover
Hana Financial Group is expected to pay an additional US$79 million to U.S. buyout firm Lone Star for the r Korea Exchange Bank takeover.
Gia Dinh Bank to issue bills of exchange again in 2011
Gia Dinh Bank will continue issuing short-term bills of exchange for the second time in 2011.
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