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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).
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.
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Other Banking News
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 |
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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 |