TP Bank to raise charter capital to 461 mln USD Business

TP Bank to raise charter capital to 461 mln USD

The board of directors at the Tien Phong Joint Stock Commercial Bank (TP Bank, Stock code TPB) has approved an increase to the bank’s charter capital this year of 2.15 trillion VND, bringing it to 10.71 trillion VND (461.1 million USD) from 8.56 trillion VND.
IFC helps Vietnamese bank aid SMEs amid COVID-19 Business

IFC helps Vietnamese bank aid SMEs amid COVID-19

The International Finance Corporation (IFC) – a member of the World Bank Group – will provide another 40 million USD for the Orient Commercial Bank (OCB) to help with the support of COVID-hit clients, especially small and medium enterprises (SMEs).
HD Bank’s profit up 31.5 pct. in H1 Business

HD Bank’s profit up 31.5 pct. in H1

The HCM City Development Joint Stock Commercial Bank (HD Bank) reported impressive results on August 3 for the first half of 2020, with pre-tax profit growing 31.5 percent year-on-year to over 2.9 trillion VND (124.3 million USD).
Vietcombank plans to raise charter capital via share issuance Business

Vietcombank plans to raise charter capital via share issuance

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) plans to increase its charter capital for the 2020-2021 period by paying dividends in shares and issuing additional shares, according to documents of the upcoming annual shareholders’ meeting scheduled for June 26.
Thai commercial banks cut lending rate to support firms World

Thai commercial banks cut lending rate to support firms

Thailand’s Kasikornbank (KBank) and Siam Commercial Bank (SCB) cut their prime lending rates by 40 basis points on April 9 after the Bank of Thailand (BoT) lowered the required contribution by banks to the Financial Institutions Development Fund (FIDF).
 Banks to offer credit packages for customers affected by COVID-19 Business

Banks to offer credit packages for customers affected by COVID-19

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and the Vietnam Bank for Agriculture and Rural Development (Agribank) will provide credit packages worth 60 trillion VND (2.5 million USD) and 100 trillion VND respectively to support customers amid the COVID-19 pandemic.