Southern Bank

Update news Southern Bank

Four senior staff at Southern Bank charged for hefty losses

Four former leaders and executives at Southern Bank – which was later merged into Sacombank headed by jailed banker Tram Be – have been prosecuted for their alleged collusion with an ex-boss of a private firm, causing hefty losses.

 

Sacombank & Southern Bank to merge this year

 VietNamNet Bridge -The Saigon Commercial Bank (Sacombank) on July 11 held an extraordinary shareholders meeting to approve a plan to merge with Southern Bank, with 93.7 per cent of shareholders voting in favor.

Vietnam’s “chaebols”: King of 'Acquisition' Tram Be

 VietNamNet Bridge – As the big shareholders of both Southern Bank and Sacombank, the family of Mr. Tram Be is a "unique" case in the Vietnamese banking sector.

Shareholders unhappy with lower, unpaid dividends

 VietNamNet Bridge – Shareholders in many banks have not received their dividends in recent years though banks have set low rates, but not cut them completely.

Bank M&A deal nears

 VietNamNet Bridge – Many market observers believe that Sacombank will benefit less from its merger with Southern Bank.