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Update news Eximbank
Eximbank is well known in Vietnam, not because of its impressive business results in the last 10 years, or profits it brings to investors, but because of the struggle among leaders and uncertainties about the leadership.
Vietcombank has returned as a major shareholder of Eximbank, holding a 4.51% stake, after divesting in 2018.
A document claiming Eximbank faces severe system risks has been debunked by the bank, which insists the document is not legitimate and requests an investigation into its spread.
As Gelex prepares to increase its stake in Eximbank, the bank's latest financial reports reveal a positive trajectory, with a reduction in non-performing loans and significant increases in employee income.
Eximbank is doing a comprehensive review and adjusting its policies concerning the calculation methods for interest rates and fees associated with credit cards to safeguard the rights and interests of both the bank and its customers.
G36 President Nguyen Dang Giap, TNH President Hoang Tuyen, TVC CEO Do Thanh Ha, the ‘hot seats’ at Eximbank and GPBank, were the outstanding businesspeople of last week.
Here are among the most notable business events reported recently.
The wife of billionaire Tran Dinh Long has added her name to the list of top 10 stock billionaires. Luong Thi Cam Tu has been appointed as Chair of Eximbank. Boss Duc’s businesses face compulsory delisting. Top business stories:
The decade-long power struggle at Eximbank has blocked tens of trillions of dong worth of dividends and trapped shareholders. The problem may be solved after the latest move of the foreign shareholder.
Japanese shareholder Sumitomo Mitsui Banking Corporation (SMBC) has announced the termination of a strategic alliance agreement signed with Vietnam Export Import Commercial Joint Stock Bank (Eximbank).
The nearly decade-long war for power at the Vietnam Export Import Commercial Joint Stock Bank (Eximbank) may be coming to an end.
Several companies have put annual shareholders’ meetings on hold due to worries about the spread of coronavirus.
Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than VND500,000 ($21.5).
A number of key personnel of Eximbank have resigned and three chairpersons have quit over the last three months.
The HCMC High-level People's Court has ruled that Eximbank must pay over VND115 billion to Chu Thi Binh, who was swindled out of US$10.5 million by former deputy director of the Eximbank HCMC branch Le Nguyen Hung.
The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Viet Nam (SAV).
Eximbank’s restructuring process has been anything but straightforward.
VietNamNet Bridge - ACB, Sacombank and Eximbank, the three most influential banks in the south, like MB and Techcombank in the north, are encountering serious difficulties.
VietNamNet Bridge - Big changes in key personnel in the banking sector are occurring as the bank restructuring process gears up.
VietNamNet Bridge - There are signs showing that Dang Van Thanh, a one-time tycoon, is returning to business with ambitious plans.