Update news VietinBank

VietNamNet Bridge - Many Vietnamese banks have reported high growth rates in retail banking in recent years. 

A-grade banks see great opportunities

VietNamNet Bridge - 2016 was expected to be tough year for the banking sector, but commercial banks all reported considerable increases in profit. Will this occur in 2017?

How will three state-owned banks raise charter capital?

Of the three state-owned banks, the largest in the economy, BIDV has the lowest CAR (capital adequacy ratio). 

Who is No 1 among the three biggest banks?

BIDV is the No 1 bank in terms of total assets and VietinBank is No 1 in stockholder equity, networks and high pay for workers.

Banks want to sell stakes owned by state

VietNamNet Bridge - Experts believe that the state should not only sell its shares in 12 large corporations as instructed by the Prime Minister, but also sell shares in other enterprises, including commercial banks.

Bank bonds now selling well

VietNamNet Bridge - Issuing corporate bonds was not the typical method used by banks to mobilize capital in the past, but that has changed. 

Facing budget deficit, Finance Ministry demands dividend payments from SOEs

VietNamNet Bridge - The State invests in many enterprises as a big shareholder, but it sometimes does not receive dividends from enterprises, even though they make big profits. 

Vietinbank, PG Bank could merge in first quarter 2016

 VietNamNet Bridge – Vietinbank and PG Bank did not finalise procedures to merge in 2015 as planned, according to Vietinbank's chairman Nguyen Van Thang.

Banks originally owned by state show growth in assets

VietNamNet Bridge - A State Bank of Vietnam (SBV) report shows that total assets of joint stock banks have fallen by 0.47 percent, while the total assets of banks that were originally state-owned had increased by 2.49 percent by June 30, 2015.

Vietnam’s fourth bank inaugurated in Laos

 The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) held a ceremony in Vientiane on August 8 to open its subsidiary in Laos, becoming the fourth Vietnamese bank operating in the country.

Banks raise deposit interest rate, upsetting businesses’ plans

VietNamNet Bridge - The government’s efforts to slash lending interest rates to make it easier for businesses to access bank loans may have been in vain as banks have begun raising deposit interest rates.

Which bank is the “richest”?

 VietNamNet Bridge - The total assets of the banking system reached nearly $310 billion last year, up 12.2% compared to 2013, State Bank of Vietnam (SBV) has reported.

Vietinbank, PG Bank to merge in Q3

The Vietnam Bank for Industry and Trade (Vietinbank) will merge with Petrolimex Group Commercial Joint Stock Bank (PG Bank) in the third quarter of this year, said Nguyen Van Thang, Chairman of Vietinbank's Board of Directors.

The positions of three major banks in Vietnam after mergers

 VietNamNet Bridge – How will the position of the three state commercial joint stock banks in Vietnam - Vietinbank, Vietcombank, BIDV - change after their mergers?

More banks enter into M&A deals

VietNamNet Bridge – Both VietinBank and PG Bank have confirmed their merger and acquisition (M&A) deal, as have Vietcombank and Saigon Bank, Sacombank and Southern Bank, BIDV and MHB, and Maritime Bank and MDB.

Two Vietnamese banks among top 500 most valuable bank brands

 VietNamNet Bridge – Vietinbank and Vietcombank, assessed at $197 million and $157 million, respectively, are among the top 500 banking brands worldwide, Brand Finance announced yesterday.

Which bank is Number 1 in Vietnam?

VietNamNet Bridge – Four state-owned commercial banks are considered the big guys in the banking sector, but there is no Number 1 bank.

VietinBank to announce PG Bank merger plan soon

 The Viet Nam Bank for Industry and Trade (VietinBank) will soon announce its plan to merge with the Petrolimex Group Commercial Joint Stock Bank (PG Bank).

SBV to boost Vietinbank, Vietcombank

 The State Bank of Viet Nam (SBV) wants Vietinbank and Vietcombank to become the leading banks of Viet Nam, and boost their scale at the regional level.

VietinBank gets nod to form bank in Laos

 The State Bank of Vietnam (SBV) has allowed the Vietnam Bank for Industry and Trade (VietinBank) to incorporate a subsidiary in Laos with total chartered capital of US$50 million.