Thursday, April 25, 2019 - 1:26:46

bad debt

Bank restructuring urgent: experts

Business

Bank restructuring urgent: experts

The National Financial Monitoring Committee President has emphasised the need to restructure the commercial banking system if the country did not want to lag behind the rest of the world.

Vietinbank eyes 1 billion USD in capital

Business

Vietinbank eyes 1 billion USD in capital

Vietinbank (CTG) plans to raise its charter capital by up to 65 percent to 20-25 trillion VND (1.22 billion USD) by the end of this year, Chairman Pham Huy Hung told the annual shareholder meeting in Hanoi on May 31.

Credit growth targeted at 23 percent

Business

Credit growth targeted at 23 percent

Credit growth should fall to 23 percent next year, the State Bank of Vietnam announced on Dec. 28, setting a more cautious policy than was pursued this year, when growth in commercial bank lending neared 28 percent.

The State Bank of Vietnam also sent a clear message that monetary policy would focus on controlling inflation and stabilising the economy.

Vietcombank to sell stake in Eximbank

Business

Vietcombank to sell stake in Eximbank

Vietcombank will sell 5 million shares it holds in Eximbank, representing a 1.26-percent stake, as part of its effort to restructure its investment portfolio and meet stricter capital adequacy ratio (CAR) requirements, Vietcombank management board member Le Thi Hoa told Vietnam News on August 11.

Techcombank to raise charter capital

Business

Techcombank to raise charter capital

Techcombank will offer about additional 149 million shares to existing shareholders in June at a ratio of 27.6 percent, and an additional 4 million shares will be offered to staff, at a price of 10,000 VND per share.

Banks meet capital requirements

Business

Banks meet capital requirements

Three commercial banks – Orient Commercial Bank, Western Bank, and Navibank – have announced plans to comply with higher charter capital requirements by the end of the year in order to list shares on one of the nation's two stock exchanges.

Bank to let loose 60 million share issue

Business

Bank to let loose 60 million share issue

Vietnam International Bank has been given permission to issue 60 million shares to existing stockholders to raise its charter capital to 3 trillion VND ( 157 million USD) from 2.4 trillion VND (126 million USD).

VIB launches new business strategy

Business

VIB launches new business strategy

The Vietnam International Bank (VIB) has officially launched its business strategy for the period 2009-2013, by announcing a new strategy and a new logo with the slogan “a-dedicated bank” in Hanoi on September 9.

Lending against securities up

Business

Lending against securities up

Outstanding loans against collateral in the form of securities or real estate in the first half of the year sharply increased over last year, according to a report from the State bank of Vietnam.