bank inks deal with ifc bnp paribas

Bank inks deal with IFC, BNP Paribas

Orient Commercial Bank (OCB), the International Finance Corporation (IFC) and French banking giant on May 24 signed an agreement for a credit facility of $25 million in Ho Chi Minh City.
ifc grants 25 million to smes

IFC grants $25 million to SMEs

a reshuffled deck key to winning hand

A reshuffled deck key to winning hand

Vietnam’s banking sector has enjoyed a boom time in recent years, but low asset quality and a particularly high ratio of non-performing loans, has triggered great concern, writes Vietcombank Securities analyst Quach Thuy Linh.
french bank buys 20 pct stake in ocb

French bank buys 20 pct stake in OCB

The State Bank of Vietnam has allowed the Orient Commercial Joint Stock Bank (OCB) to sell a 20 per cent stake to France’s BNP Paribas bank.
ocbc to buy into vpbank

OCBC to buy into VPBank

Singapore-based Overseas Chinese Banking Corporation (OCBC) has received approval from the central bank over its plans to acquire 10 per cent of the Vietnam Bank for Private Enterprises (VPBank). Upon purchase, OCBC will be the fourth foreign bank to buy into a Vietnamese lender.
ocbc to take vpbank slice

OCBC to take VPBank slice

Singapore’s Overseas Chinese Banking Corporation has become the first bank in the region to receive a commitment to acquire a 10 per cent stake in Vietnam’s seventh largest joint-stock commercial bank for private enterprise, VPBank.
bank reforms get green light

Bank reforms get green light

The government has given the go-ahead to the central bank to spend $112 million on the second stage of reform for Vietnam’s four State-owned commercial banks (SOCBs), a source from the central bank said last week.