HSBC, from November 1has increased management fees for transactions in foreign currency by credit card and international debit cards to 4.5 percent of the transaction amount, from 3 percent applied from April 30. In addition, late payment fees for HSBC credit card will be adjusted to 4 percent of the minimum debt and minimal fees [...]
In the first nine months of this year, Vietnam Technological Commercial Joint Stock Bank (Techcombank) gained 1.694 trillion dong profit after tax, up 42.4 percent from the same period last year (1.189 trillion dong). Of which, its net interest income increased 54.3 percent on year mainly from lending activities. Till the end of September, Techcombank’s [...]
The procedure of consumption loans such as house and car purchase has been eased and banks are listening to customers to provide them best options, the local online newspaper Dau Tu Chung Khoan (Securities investment) reported. Several banks have resumed property loans with lower interest rate of 21-24%, down from previous 26-27% per annum with [...]
Techcombank, 20% held by HSBC, said its loan to deposit ratio was 44% and bad debts at 2.6% in the first nine months of this year. The Vietnam Technological and Commercial Joint Stock Bank (Techcombank)’s loan to deposit ratio was 44% and bad debts at 2.6% in the first nine months of this year compared [...]
Techcombank has won top awards from the Hong Kong based FinanceAsia magazine. The magazine described it as “Vietnam’s best bank in 2011”, “The best cash-management bank ion Vietnam” and “The best trade finance bank in Vietnam”. The bank, one of the fastest growing in the nation, was the first in Vietnam to receive the three [...]
Vietnam Technological and Commercial JS Bank ,the country’s fifth largest bank by assets, plans to raise its charted capital to VND8.79 trillion from current VND6.93 trillion through issuing 185.59 million new shares. The lender will issue 177.59 million shares to pay dividend at a 1-for-3.9 ratio, and another eight million bonus shares to its staff, [...]
The State Bank of Vietnam (SBV) on August 5 issued a decision assigning Vietnam Technological Commercial Joint Stock Bank (Techcombank) to serve “urban transport development project in Hai Phong city” funded by World Bank (WB). The project with a total investment $277 million, including an ODA (official development assistance) loan of $175 million from the [...]
In the first six months of this year, Vietnam Technological Commercial Joint Stock Bank (Techcombank) reported gaining 1.5 trillion dong total pre tax profit, or 40 percent of the year’s plan, Nguyen Duc Vinh, general director of Techcombank said at the press conference to receive the award “Best Retail Bank in Vietnam in 2011″ granted [...]
Vietnam’s Technological and Commercial Joint Stock Bank (Techcombank) has come out on top in two important categories of Hong Kong-based FinanceAsia magazine’s awards: Best Bank and Best Cash Management Bank-Best Trade Finance Bank. According to FinanceAsia magazine, Techcombank is one of the fastest growing commercial banks in Vietnam. The bank has expanded its network by [...]
Vietnam’s second most profitable joint-stock bank in 2010, Techcombank’s transaction banking focus has driven growth in both cash management and trade finance businesses over the last year, FinanceAsia wrote in the country award 2011. Vietnam’s second most profitable joint-stock bank in 2010, Techcombank’s transaction banking focus has driven growth in both cash management and trade [...]
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