Vietnam
Vietnam's loan growth and system leverage
Loan growth moderated to 10.9% in 2011, about half the government's target of 20%, according to Standard & Poor's.
Vietnam's loan growth and system leverage
Loan growth moderated to 10.9% in 2011, about half the government's target of 20%, according to Standard & Poor's.
Petrovietnam Finance Corp. to be converted to a bank
Petrovietnam has approved the plan to change the operational model of Petrovietnam Finance Corp and convert it into a bank.
Habubank shareholders okay merger with SHB
Habubank’s shareholders have approved the plan to merge with Saigon-Hanoi Commercial Joint Stock Bank.
Laos-Vietnam Bank to double chartered capital
The chartered capital of Laos-Vietnam Joint Venture Bank may be raised from $35 million to US$70 million in May 2012.
Vietnam's ACB posts $35M net in Q1 2012
ACB reported a net interest income of 1.651 trillion dong in the first quarter of 2012, increasing by 29 percent over the same period last year.
Habubank announces plan to merge with SHB
Habubank announced its draft plan to merge with the SHB.
Vietnam to miss target growth for business loans
Despite assurances to the contrary from the government, Vietnam will not loan as much to private business as it planned.
Is forcing bank mergers the solution to Vietnam's credit crisis?
BBVA warns weak banks should first be recapitalized by the government before being merged.
Sacombank earmarks $48M soft loans for prioritized borrowers
Sacombank is earmarking one trillion dong or US$48 million for soft loans to agro-forestry andfisheries sectors until May 11, 2012.
VietinBank expands online Western Union service
VietinBank has expanded its Western Union Online through its IPay system.
Maritime Bank appointed service bank for expressway project
Maritime Bank has been appointed as the service bank for the Da Nang – Quang Ngai Expressway Project by the State Bank of Vietnam.
Vietnamese banks to charge ATM fees
Vietnamese banks are seeking to introduce ATM charges to avoid big losses on ATM services.
ING Commercial Banking Asia expands into Vietnam
It will open a representative office in Hanoi on May 7.
Vietnam's Vietinbank establishes subsidiary bank in Germany
Vietinbank has been allowed in principle by the State Bank of Vietnam to set up a subsidiary bank in Germany.
Vietnamese banks reaching out to nearby markets
Maritime Bank plans to set up branches or 100 percent Vietnamese owned banks in foreign markets, possibly Laos and Cambodia.
VietinBank’s Laos branch to sign $20M credit contract with telco netwrok
VietinBank’s Laos worked with Unitel on detailed agreements to prepare for signing a credit contract worth $20 million.
OCB's after-tax profit remains unchanged at $15.38M
Orient Commercial Bank generated an after tax profit of VND302 billion or US$15.38 million last year, same as in 2010.
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