The State Bank of Vietnam (SBV) on October 6 approved Vietnam Commercial Joint Stock Bank of Industry and Trade (VietinBank-CTG) to establish remittance transfer arm. The newly-established company will have official name of VietinBank Global Money Transfer Co that will be located on the third floor, No 126 Doi Can St (Ba Dinh district, Hanoi) [...]
Vietinbank had the lowest NPL ratio of the whole system, said Pham Huy Hung, Chairman of Vietinbank, clarifying the rumor that the bank had VND3-4 trillion in bad debts. Hung refuted the false information that Vietinbank piled up VND3-4 trillion in bad debts, saying that the bank will take legal actions against rumor-spreaders. Vietinbank will [...]
Vietnam Commercial Joint Stock Bank for Trade and Industry (Vietinbank – coded CTG) has released information about setting up Vietinbank Aviva Life Insurance Co Ltd. The new insurance firm has chartered capital of 800 billion dong, of which Vietinbank contributed 50 percent of the total capital. The other two capital contributors included Aviva International Holdings [...]
Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), one of the largest state-owned commercial banks in Vietnam and JCB International (JCBI), the international operations subsidiary of JCB, the only global payment brand based in Japan today announced the launch of the first JCB branded card in Vietnam, the VietinBank-JCB Cremium card. Through the [...]
Vietnam Commercial Joint Stock Bank of Industry and Trade (VietinBank-CTG) has recently released its updated report on performance for the first eight months of this year whereby the bank gained 87% of the year’s profit plan. Particularly, in Jan-Aug, thanks to improved gross profit margin and strong credit growth, VietinBank gained profit before tax of [...]
VietinBank fund Management Company is planning to establish a fund that invests in bank bad debts with total investment capital of about US$100 million, Nguyen Anh Tuan, general director of the company said on Monday. According to Tuan, his company is in contact with foreign investors to raise funds. “Foreign investors are excited about this [...]
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