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The company says it is keen on buying a life insurer to lessen reliance on banking revenue.

As many as 50% of issued ATMs in Vietnam are unused, according to statistics from the Vietnam Bank Card Association.

Vietnam-Germany Steel Pipe Joint Stock Co signed a short term credit contract worth 100 billion dong ABBank's Vinh Phuc branch to support its working capital.

The core Tier 1 capital adequacy ratio rose to an average 12% at end-2010, while the average loans/deposits ratio was stable at about 60%.

OCB has secured central bank permission to sell another 5 percent of stake to BNP Paribas.

Move made possible after KEB board gave Lone Star $466mn, as it approves $1.42 recent dividend payout.

An RHB official denied last week report saying that it is not in any discussion with CIMB on any potential takeover offer.

The employees’ union wants to coincide strike with the opening of Parliament session in August to protest on

Six of 17 banks in Ho Chi Minh City are struggling to slash credits for non-productive sectors to 22% of their total outstanding loans.

The big four have seen their share of all local retail deposits slide from 66% in 2004 to 58% in 2011.

Should the deal take place, it would generate a combined market value of $28.5bn.

ICBC rolled out the pilot service of personal petty loans to meet their funding needs, providing small RMB loans for their short-term working capital.

ABC and Taiwan Cooperative Bank will enter into comprehensive cooperation in corporate banking, investment banking, treasury operations, trade finance, custody business, risk management, information exchange and personnel training.

ABC has signed a memorandum of understanding with Cathay United Bank to enter into broad cooperation in several areas.

As of the end of May 2011, Bank of China's cross-border RMB settlement transaction volume had remained the market-leading position with more than RMB 1 trillion.

The Export-Import Bank of China intends to develop into a large multinational financial institution over the next five years.