LienVietBank switches name

Lien Viet Commercial Joint Stock Bank (LienVietBank) on July 29 officially changed its name to LienViet Post Commercial Joint-Stock Bank (LienViet Post Bank or LPB). This is the result of a merger between Postal Saving Service Co (VPSC) under Vietnam Post Corp (VNPost) and LienVietBank. The three-year old bank has a chartered capital of 5.65 [...]

LienVietBank allowed to hike chartered capital to 6.46tr dong

State Bank of Vietnam (SBV)’s governor on June 24 approved Lien Viet Commercial Joint Stock Bank (LienVietBank) to scale up chartered capital in 2011. Accordingly, LienVietBank will hike its chartered capital from 5.65 trillion dong to 6.46 trillion dong in accordance with the plan approved by the shareholders at AGM held on May 27, 2011. [...]

LienVietBank targets over 55pct profit growth in FY2011

The annual general meeting (AGM) of Lien Viet Commercial Joint Stock Bank (LienVietBank) on May 27 in Hanoi celebrated three years of establishment and passed a plan to change its name to Lien Viet Post Commercial Joint Stock Bank whereby Vietnam Post Corp (VNPost) will become a major shareholder of LienVietBank. The Vietnamese prime minister [...]

LienVietBank earns 280b dong profit in Q1

Lien Viet Commercial Joint Stock Bank (LienVietBank) has recently said that till April 2, 2011, its chartered capital reached 5.65 trillion dong, total assets at over 38 trillion dong, and total profit in Q1 at more than 280 billion dong. Also up to April 2, 2011, LienVietBank’s network has been developed to nearly 50 transaction [...]

LienVietBank offers deposit rates of 14pct pa

Lien Viet Commercial Joint Stock Bank (LienVietBank) announced to offer the interest rates of 14 percent per year at maximum for all deposit terms, starting from December 15, 2010. The new regulation will be applied for all types of deposit, including those current promotion programmes. The highest interest rates of 14 percent per year will [...]

LienVietBank ties partnership with insurance firm

Lien Viet Commercial Joint Stock Bank (LienVietBank) on December 7 inked partnership with Post and Telecommunication Insurance Joint Stock Corp (PTI) in Bancassurance research and development, the state-run online newspaper VnEconomy reported. Lien Viet Commercial Joint Stock Bank (LienVietBank) on December 7 inked partnership with Post and Telecommunication Insurance Joint Stock Corp (PTI) in Bancassurance [...]

LienVietBank inks agreement with American banking firm

LienViet Joint Stock Commercial Bank (LienVietBank) has inked a cooperation agreement with Wells Fargo Bank (America) on October 8 in Washington. Under it, two banks committed for comprehensive and lasting cooperation in the fields of foreign currencies payment, international payment, information sharing, etc. In addition, Wells Fargo, one of three biggest banks of the United [...]

LienVietBank opens first office in Hai Phong

LienViet Joint Stock Commercial Bank (LienVietBank) opened transaction office at No 43 Quang Trung, Hong Bang, Hai Phong on September 29. In 2010, the bank has focused on researching new products to enhance customers’ convenience, widened its network, and improved financial ability with gains of chartered capital of 4.46 trillion dong and total assets value [...]

Lienvietbank inaugurates Ha Dong transaction office.

Lienvietbank has inaugurated a transaction office at No10, Tran Phu Street, Ha Dong City on July 23. This is the fifth unit of the bank in the North since the start of this year. Lienvietbank Ha Dong offers all banking business functions such as capital mobilisation, credit, foreign currency, fund… As 2010 plan, Lienvietbank will [...]

LienVietBank earns 350b dong pre-tax profits in H1

Lien Viet Commercial Joint Stock Bank (LienVietBank) has reported its total assets of 27 trillion dong and its pre-tax profit gained nearly 350 billion dong by the end of June. The bank is expected to earn 900 billion dong in profits in 2010. Also, its total assets are targeted to hit 60 trillion dong. LienVietBank [...]

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