Many banks are posting optimistic business results as the full force of the disruptions of the global COVID-19 pandemic are not felt in their operations yet.

The State Bank of Vietnam (SBV) has withdrawn the licences of the representative offices of Kookmin from South Korea and Commonwealth Bank of Australia.

Banks have warned customers about fraud during the COVID-19 pandemic, advising them not to open suspicious emails or click on dubious links sent as email attachments related to the pandemic.

Banks of the Republic of Korea (RoK) have strengthened their foothold in Southeast Asia by opening more branches in the rapidly-growing market, the Financial Supervisory Service (FSS) said.

Concerns over the lacklustre market have played a part in weakening investors’ appetite and could pose risks for Vietnamese banks going public this year.

Tran Ngoc Tho, member of the National Advisory Council on Financial and Monetary Policies, digs into the implications of coronavirus.

Many banks have announced the recruitment of a large number of personnel to meet business expansion plans in 2020.

SeABank (Vietnam) has just announced its 2019 business results with net profit of VND1,390.69 billion, an increase of VND768.26 billion or 123.4% compared to 2018, ROE at 12.03%. This is the highest growth rate ever of SeABank.

Though the fiscal year 2019 is yet to end, early reports suggest major commercial banks in Vietnam will enjoy big fat earnings this year.

Experts said that a series of favorable conditions are encouraging local banks’ plans to sell shares to foreign investors for capital hike in a move to meet the Vietnamese central bank’s Basel II regulation.

PwC polled over 500 financial services and technology executives worldwide to figure out the factors that will determine the winners and losers of fintech.

The Asian Banker continues to honour the 500 strongest banks in the Asia-Pacific in 2019 with some familiar names from Vietnam.

Foreign banks have been expressing eagerness to jump on the mergers and acquisitions (M&A) bandwagon in the banking sector.