Vietnam Bank News

Vietnam Bank Directory

Trade BCHUSD, Bitcoin and Cryptocurrencies

BUY & SELL BCHUSD | View BCHUSD News & Updates

Buy Sell BCHUSD, 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.

Eximbank grants shareholder certificate to Japanese partner   2008-07-02 - VNA

Vietnam’s Export and Import Commercial Joint Stock Bank (Eximbank) on July 1 handed over a shareholder’s certificate to Japan’s Sumitomo Mitsui Banking Corporation (SMBC).

SMBC previously became Eximbank’s strategic shareholder, buying up to 15 percent of the bank’s stakes to the tune of 225 million USD.

The Japanese partner pledged to cooperate with Eximbank in developing retail banking services and trade financing, as well as share its business administration experiences, including those related to risk management in line with international standards.

Apart from SMBC, Eximbank got the nod from the State Bank of Vietnam to sell 10 percent of its shares to three other foreign investors.

VOF Investment Ltd. Co from Virgin Islands is permitted to own 5 percent of the bank’s chartered capita, while Mirae Asset Exim Investment Limited from the Republic of Korea and Mirae Asset Maps Opportunity Vietnam Equity Balanced Fund will hold 4.5 percent and 0.5 percent, respectively.

The move helped raise Eximbank’s ownership capital to 12.63 trillion VND by the end of June, the largest amount among commercial joint stock banks in Vietnam.


Other Banking News

Bank director dismissed for collecting fees from borrowersinterest rate management regulation and the governor’s instruction.   2008-07-02

Bankers not shrinking from current difficulties   2008-07-02

Banks begin declaring business results   2008-06-26

Foreign investors aren’t flinching at Vietnam’s difficulties   2008-06-25

ANZ calls for ending dual dong rate for importers, banks   2008-06-23

Banks refuse loans to real estate firms   2008-06-22

Interest rate rise effective in slowing loan growth, data shows   2008-06-22

Vietcombank delays listing to Q2008   2008-06-21

Traders miffed by gold exchange snafu   2008-06-21

Banks afraid to declare profit   2008-06-20

SBV: Loaning VND at US$ loan interest rates impossible   2008-06-19

HSBC opens new flagship branch in Vietnam   2008-06-19

PM assures on hard currency reserves, dong   2008-06-11

Eximbank boosts capital base by one-third   2008-06-08