Tags: vp bank

Banks report higher profits

Banks report higher profits

Banks are reporting better profits for the third quarter this year, with Vietcombank leading the way despite the predicted slowdown in credit growth.

Banks earn huge services profits

Banks earn huge services profits

Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

FE CREDIT wins three prizes at CEPI Asia Awards

FE CREDIT wins three prizes at CEPI Asia Awards

VP Bank Finance Company Limited (FE CREDIT), one of the largest credit card issuers in Vietnam, scored a hat-trick of gongs at the 5th Annual Cards and Electronic Payments International (CEPI) Asia Awards 2018.

Banks get back into M&A deals after a two-year lull

Banks get back into M&A deals after a two-year lull

Since early 2018, domestic banks have mulled over charter capital hike plans and sought shareholders’ approval for mergers and acquisitions in a bid to improve their competitiveness and expand their growth scale.

Unlock further agri-financing opportunities for processing firms

Unlock further agri-financing opportunities for processing firms

IFC, a member of the World Bank Group, in partnership with Vietnam Prosperity Commercial Joint Stock Bank (VPBank) is extending a commodity financing facility of up to $50 million to Tan Long Group, one of Vietnam’s leading commodity traders as a key step to unlock further agri-financing opportunities in this high-potential sector.

Vietnamese banks no longer burn for foreign capital

Vietnamese banks no longer burn for foreign capital

After separating from HSBC, Techcombank plans to spare no room for foreign investors, and VP Bank, which has been prospering in the last four years, is no longer eager to seek foreign partners.

As Vietnam banks digitise, customer service key

As Vietnam banks digitise, customer service key

Customers must be at the centre of banks’ attention as they make a move towards digital transformation in an effort to adapt to a changing landscape of financial innovation and disruptive technologies.

Vietnam to adopt IFRS by 2025

Vietnam to adopt IFRS by 2025

Vietnam is expected to adopt International Financial Reporting Standards (IFRS) instead of the current Vietnamese accounting standards (VAS) by 2025 in its efforts to enhance comparability and improve transparency.

Banks raise deposit rates ahead of SBV rules

Banks raise deposit rates ahead of SBV rules

Many commercial banks have recently raised their deposit interest rates in an attempt to satisfy new State Bank of Vietnam’s regulations that are due to take effect in 2017.

VPBank wins best mobile banking award

VPBank wins best mobile banking award

Vietnam Prosperity Bank (VPBank) has been recognised as the "Best Mobile Banking Vietnam 2016" by Global Banking and Finance Review, due to its continuous efforts to improve its products.

VAMC special bond terms to be extended

VAMC special bond terms to be extended

Terms for special bonds issued by the Vietnam Asset Management Company (VAMC) to buy non-performing loans (NPLs) from credit institutions will be extended to ten years in some cases, according to a State Bank of Vietnam newly-issued regulation.