SeABank has launched a luxury domestic debit card called S24+, which allows holders to withdraw up to 25 million VND (1,315 USD) per day or 25 times per day. The new product also offers a maximum account transfer value of 50 million VND (2,631 USD) every day. S24+ card holders can open a Family Card [...]
Central bank Governor Nguyen Van Giau met with bankers in Hanoi and HCMC last week to collect their ideas on how to apply negotiated lending rates to short-term loans before officially launching this policy. At this time, banks can only apply negotiated lending rates for medium and long-term loans while loans of less than 12 [...]
Vietinbank’s shareholders meeting on Sunday approved a proposal to increase the bank’s charter capital from VND18 trillion (US$947.4 million) to VND20 trillion (just over $1 billion), as well as a plan to pay a dividend of 14-15 per cent. To raise additional capital, the Ha Noi-based bank will issue 351.1 million new shares to existing [...]
Vietcombank received a long-awaited approval from the State Bank of Viet Nam late last week to increase its charter capital from VND12.1 trillion (US$636.84 million) to VND13.2 trillion ($694.73 million). “Getting this permission is great,” Vietcombank executive board member Le Thi Hoa told Viet Nam News, noting the raft of troubles the bank had faced [...]
Commercial banks are having trouble boosting capital via the stock market as bank shares have become increasingly less attractive to investors. An official at a bank who requested anonymity said the market hardly reacted to the news that his bank would issue shares to raise capital. In previous years such information could boost bank share [...]
The central bank’s HCMC branch has said total mobilization of credit institutions in the city in March is estimated at VND608 trillion, up 0.77% from early this year, while the figure in late February declined 0.45%. However, considering the mobilization mechanism, there is still little capital in Vietnam dong coming out of the banking system. [...]
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