Vietnam Bank News

Vietnam Bank Directory

Trade BTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL BTCUSD | View BTCUSD News & Updates

Buy Sell BTCUSD, Bitcoin and Cryptocurrencies

Banking News & Financial Services News
Get the latest banking news headlines from Find in-depth Vietnam coverage from banking, investing, financial, stock market, and more abou Vietnam banking system, bank for industry and trade, Vietnam banking sector.

HSBC sells insurance, seeks additional Vietnam insurer   2008-05-15 - Bloomberg

HSBC sells insurance, seeks additional Vietnam insurer
HSBC Holdings Plc, Europe’s biggest bank by market value, plans to start selling life insurance next month through a joint venture in India.



The venture, owned with Canara Bank and Oriental Bank of Commerce, is licensed to sell eight life-insurance and savings products and is “going very well,” Clive Bannister, HSBC’s London-based head of insurance, said.

The bank, which bought a 10 percent stake in Vietnam’s Bao Viet Insurance & Finance Group in September for US$255 million, will use its option to buy an additional 8 percent in the biggest state-owned insurer by June 2009, he said.

HSBC has a target of gaining 20 percent of earnings from insurance “over time,” said Bannister.

The division contributed pretax profit of $3.1 billion or 13 percent of earnings last year, compared with 10

Other Banking News

Office rents head further north in southern hub   2008-05-13

Vietcombank bosses face worried shareholders   2008-04-29

Central bank won’t change rates on inflation   2008-04-27

ANZ CEO sees changes in Vietnam’s future   2008-04-19

Vietnam central bank tells ACB to slow 2008 lending   2008-04-18

Banks see strong results despite tough policies, interest rate wars   2008-04-16

Citigroup hires new head of Vietnam investment banking   2008-04-14

Tight credit causes liquidity issues for banks   2008-04-08

Inter-bank lending rate jumps   2008-04-04

Cheaper dollar not a boon as expected   2008-04-04

State Bank to buy up foreign currency   2008-03-26

PM kicks off UK tour with $1 billion in deals   2008-03-05

IFC gives Sacombank more funds for home loans   2008-02-27

Vietnam central bank calls for savings rate cap   2008-02-27