The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) plans to issue 4.7 million shares to current employees under its employee stock ownership plan (ESOP), at a price of 10,000 VND (0.43 USD) per share.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) has reported impressive results in the third quarter of this year, with pre-tax profits increasing by a record 51 percent year-on-year to over 1.23 trillion VND (53.4 million USD).
The banking industry has been radically restructuring credit institutions in combination with handling bad debts to ensure their safe, healthy and sustainable growth, said a central bank senior official.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) aims for increases of 15 percent in both mobilised capital and credit in 2018.
The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) plans to increase its current chartered capital from 15.7 trillion VND (around 691.6 million USD) to 27.8 trillion VND (1.22 billion USD) in 2018, the bank announced at its shareholders’ recent meeting.
The profits of many domestic banks in the first quarter of this year are estimated to rise higher than that of the same period last year thanks to significant credit growth.
Vietnam has significant room to promote inclusive finance, given 70 percent of its population is living in rural areas and many are locked out of the conventional banking system due to low income, experts have said.
Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)’s annual shareholder meeting on June 30 officially appointed Duong Cong Minh as the new chairman for tenure 2017 – 2021.
Vietnam International Bank (VIB) has won the “Bank of the Year 2016” award, making it the first local bank to receive the prestigious award for two consecutive years.
The process of restructuring commercial banks in Vietnam mostly focusses on mitigating negative effects and not on promoting positive factors, one of which is the increase in private ownership.
A Vietnamese chief executive officer (CEO) and a dozen domestic banks were honoured at the Asian Banker Leadership Achievement Awards Dinner in Hanoi on May 10.
Terms for bonds issued by the Vietnam Asset Management Company to buy bad debts from credit institutions, will be extended from five years to 10 years in some cases.
Vietnam International Bank (VIB) has been named "Bank of the Year 2015" by The Banker, one of the world's leading journals in economics, finance and commerce.
The Military Commercial Joint Stock Bank will complete its merger with Song Da Finance Company this year, the bank reported on its website after a shareholder meeting on October 6.
The Vietnam Asset Management Company (VAMC) has signed agreements with
Saigon Commercial Bank (SCB) and Southern Bank to buy bad debts from the
two lenders totaling some 1.3 trillion VND (62 million USD), according
to the Saigon Times Daily.
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