Many banks are trying to encourage customers to make deposits by giving out lucky money after Tet.
Many banks have reported good business performance in the first nine months of the year thanks to decreasing provision costs and rising income from services.
Cross-ownership in banks has decreased sharply after the banks recently changed their top leaders at the 2018 annual general meetings of shareholders (AGMs) to meet the central bank’s new regulation.
The International Finance Corporation (IFC) announced on December 19 a successful syndicated senior loan package transfer of US$110 million to An Binh Commercial Joint Stock Bank (ABBANK) as a joint effort to boost the latter’s small and medium enterprises (SMEs) lending.
Profits of many commercial banks this year will hit the highest levels since 2012 thanks to rising capital demand, experts have forecast.
The real estate market is recovering strongly and attracting huge sums of money from banks, foreign investors and overseas Vietnamese.
An Binh Joint-Stock Bank (ABBANK) on May 24 officially signed an agreement with the Asian Development Bank’s (ADB) on joining the Trade Finance Programme (TFP) – one of prominent programmes enabling Vietnamese enterprises to increase competitiveness and get more opportunities to promote economy.
The An Binh Commercial Joint Stock Bank (ABBANK) has officially become a member of the United Nations Environment Programme - Finance Initiative (UNEP FI), pioneering in response to climate change and fulfillment of social and environmental corporation responsibility.
Hong Kong based insurer FWD Group is working to quickly establish its presence in Vietnam as the country has a huge growth potential on insurance market with more than 90 million people, according to the group’s CEO Huynh Thanh Phong.
While Vietcombank and VietinBank have proposed to lift the foreign ownership ratio ceiling to 35-40% to satisfy requirements of the Basel II Accord, ABBank and SCB want higher foreign ownership ratios (49% and over 50%) to speed up the restructuring process.
Changing top managers was a highlight of Vietnamese banks in 2015.
Though local state-owned enterprises wishes to sell stakes in banks to which they contributes capital, no foreign investors want to buy such stakes unless the foreign ownership limit at banks is lifted.
Dividend issue is poised to heat up the annual general meeting (AGM) season in the banking sector this year as many lenders have failed to pay 2014 dividends for shareholders or have offered just modest payments.
(VOV) - Malaysia’s second largest bank, CIMB Group, is planning to obtain banking licenses in Vietnam as part of its drive to expand into the fast-growing Southeast Asian market, according to Reuters.
The An Binh Bank (ABBank) and the Prudential Vietnam Life Insurance have announced to expand their cooperation following their initial success of the bancassurance product – an insurance product sold by banks.
