home credit to sell vietnam wing to scb

Home Credit to sell Vietnam wing to SCB​

Home Credit Group announced on February 28 that it has signed a conditional framework agreement to sell its Home Credit Vietnam business to The Siam Commercial Bank Public Co., Ltd. (SCB), part of SCBX Public Co., Ltd. (SCBX).
prospects still cloudy for bancassurance

Prospects still cloudy for bancassurance

Diverse sentiments persist over bancassurance business prospects at local commercial banks, partly driven by a novel policy move.
bancassurance changes in the name of sustainability

Bancassurance changes in the name of sustainability

Building full infrastructure for bancassurance is vital to improve the customer experience. Le Hoai An, a banking consultant and trainer at Integrated Financial Solutions, talked with VIR’s Hong Dung about the new regulations on bancassurance operations in Vietnam.
citi announces new global banking head

Citi announces new global banking head

Viswas (Vis) Raghavan will join Citi as global head of Banking and executive vice chair of Citi.
thailands scb poised to acquire home credit vietnam

Thailand's SCB poised to acquire Home Credit Vietnam

SCB X Pcl, the largest bank in Thailand based on market value, is nearing an agreement to acquire Home Credit's Vietnamese operations.
hanoi to ask for wbs help with design of national railway station

Hanoi to ask for WB’s help with design of national railway station

The Hanoi Department of Transport has proposed the municipal People’s Committee ask for the World Bank (WB)’s assistance in the technical design of the general layout for the Ngoc Hoi national railway station complex.
lending interest rates continue on downward trend

Lending interest rates continue on downward trend

Commercial banks have reduced lending rates in favour of business and production activities, but borrowing remains low.
bank of thailand warns of economic recession

Bank of Thailand warns of economic recession

Thailand's export sector has lost competitiveness in global markets, with the market share of rice shipments falling by more than 50 per cent over the past 20 years, according to the Bank of Thailand (BoT).
vib drives digital banking innovation with temenos latest version of banking platform powered by aws

VIB drives digital banking innovation with Temenos’ latest version of banking platform powered by AWS

Vietnam International Bank (VIB) is delighted to announce the implementation of the Temenos Core Banking solution on cloud this week in collaboration with Amazon Web Services (AWS) and ITSS.
sbv injects large amount of money to support capital for banks

SBV injects large amount of money to support capital for banks

The State Bank of Vietnam (SBV) on February 20 net injected more than 5 trillion VND (nearly 204 million USD) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.
basel iii and its implications for banks in vietnam

Basel III and its implications for banks in Vietnam

Partner of Consulting and Financial Services Vo Quoc Khanh and director of Consulting and Financial Services Nguyen Huy Cuong, from EY Consulting Vietnam, delve into the notable updates of Basel III compared to Basel II, and its impacts on bank operations.
hsbc reports record profit of 303 bn in 2023

HSBC reports 'record profit' of $30.3 bn in 2023

HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks.
malaysias public bank vietnam to take over rhb securities vietnam

Malaysia's Public Bank Vietnam to take over RHB Securities Vietnam

Public Bank Vietnam Limited (PBVN), a wholly-owned subsidiary of Malaysia's Public Bank Berhad (PBB), is acquiring an entire stake in RHB Securities Vietnam Company (RHBSVN) for about $15.2 million.
tourism fuels up as rising economic engine for vietnam

Tourism fuels up as rising economic engine for Vietnam

As a rising economic engine, Vietnam's tourism industry is set for healthy growth with a shift towards premium tourism and business travel, according to a report released by Maybank Vietnam on February 21.
australias anz suncorp overcome objection to major merger

Australia's ANZ, Suncorp overcome objection to major merger

Australia's ANZ and Suncorp banks jumped a big hurdle in their proposed US$3.2 billion merger Tuesday, as a tribunal overrode a consumer watchdog's concerns.