bank credit registers slight fall in first two months

Bank credit registers slight fall in first two months

Banks saw low credit growth in the first months of the year, a situation they are looking to resolves as balance sheets remain high.
be secures 30 million investment from vpbank securities

Be secures $30 million investment from VPBank Securities

On January 10, Be Group, owner and operator of the multiservice consumer platform Be, announced a substantial investment from VPBank Securities JSC (VPBankS), a subsidiary of VPBank.
vpbank ceo addresses challenges and strategies for vietnams real estate sector

VPBank CEO addresses challenges and strategies for Vietnam's real estate sector

At a conference on real estate and social housing development on November 13, VPBank CEO Nguyen Duc Vinh outlined the obstacles facing Vietnam's real estate market, attributing them to both external and internal factors.
banks keen to maintain upward route

Banks keen to maintain upward route

Banks are hoping for positive developments to fill up the rest of the year after some performance dips so far in 2023.
japanese lender smbc acquires 15 per cent stake in vpbank

Japanese lender SMBC acquires 15 per cent stake in VPBank

Sumitomo Mitsui Banking Corporation (SMBC), the second-largest bank in Japan, has successfully concluded the private placement, buying 15 per cent of VPBank's equity investment, becoming a strategic shareholder in VPBank's upcoming expansion phase.
bigger banks hoover up weaker rivals

Bigger banks hoover up weaker rivals

Prominent Vietnamese banks are making calculated moves to acquire struggling counterparts, signalling a broader restructure of Vietnam’s banking system.
vpbank announces plans to take over weak bank

VPBank announces plans to take over weak bank

Amidst the larger backdrop of restructuring within Vietnam's banking sector, VPBank has taken centre stage, declaring its readiness and financial capability to acquire a struggling bank. This bold step signals the bank's commitment to strengthening the country's banking ecosystem.
dfc pledges 300 million bilateral loan to vpbank for sustainable finance

DFC pledges $300-million bilateral loan to VPBank for sustainable finance

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and the US International Development Finance Corporation (DFC) inked a Commitment Letter on a bilateral loan worth $300 million with a seven-year tenure.
be group working with vinfast and cake by vpbank to promote ev use

Be Group working with VinFast and Cake by VPBank to promote EV use

Be Group signed a cooperation agreement on September 8 with VinFast and Cake by VPBank to encourage its drivers to switch from petrol to electric vehicles (EVs), meaning thousands of Be drivers will benefit from VinFast's support policies and have access to financial solutions from Cake the digital bank.
vpbank brand value reaches nearly 13 billion

VPBank brand value reaches nearly $1.3 billion

VPBank’s value is almost 1.5 times as high as the previous year, valued at nearly $1.3 billion and ranking 173rd in the world’s 500 most valuable banking brands.
factors affecting bank profit outlook this year

Factors affecting bank profit outlook this year

Although the profit picture of most banks was upbeat in the first half of this year, the factors that have a key impact on bank performance in the second half are forecast to change.
vpbank ceo outlines policy responses and growth prospects amidst economic challenges

VPBank CEO outlines policy responses and growth prospects amidst economic challenges

At a virtual conference on July 16 to review the Vietnamese banking sector's first-half performance and plot its course for the remainder of the year, Nguyen Duc Vinh, CEO of Vietnam Prosperity Joint-Stock Commercial Bank (VPBank), underscored the decisive role of the government and various sectors in stimulating the national economy.
vpbank launches enterprise data and analytics division

VPBank launches Enterprise Data and Analytics Division

As part of its ongoing measures to strengthen the use of data analytics and AI in driving value, VPBank held a ceremony at its headquarters on June 5 to launch its new Enterprise Data and Analytics (EDA) Division.
banks pin hopes on non interest income sources

Banks pin hopes on non-interest income sources

Banks expect to rely more on non-interest income sources in the face of the credit expansion slowdown and challenging business environment to see any considerable profit growth this year.
vpbank meeting the needs of foreign customers

VPBank meeting the needs of foreign customers

VPBank, together with strategic partner SMBC of Japan, aims to provide foreign customers with more comprehensive corporate financial services while taking care of their staff’s financial demands, thus contributing to their efforts to retain talented people and create high growth value in the long term.