eximbank to set 705 million profit target despite scandals

Eximbank to set $70.5-million profit target despite scandals

At the annual general shareholders’ meeting expected to take place on April 27, Eximbank will recommend the target of VND1.6 trillion ($70.5 million) in net profit, one and a half times higher than the 2017 performance.
sixteen eximbank officers prosecuted

Sixteen Eximbank officers prosecuted

In addition to Nguyen Thi Lam, mastermind of the case of appropriating VND50 billion ($2.2 million) at Eximbank’s branch in the central province of Nghe An's Vinh city, 15 other officers of the bank are also prosecuted.
eximbank back to the fingerprint business

Eximbank: Back to the fingerprint business

Eximbank has returned to the basics by applying a fingerprint check, along with other safety measures, for savings and withdrawals, following the scandal of disappearing savings.
eximbank case extends to three more defendants

Eximbank case extends to three more defendants

According to the investigation, these three people on March 27 were prosecuted as accomplices helping Le Nguyen Hung (former deputy director of Eximbank’s Ho Chi Minh City branch) to appropriate Chu Thi Binh’s VND245 billion ($10.8 million).
capitalisation of eximbank drops 35 million after arrests

Capitalisation of Eximbank drops $35 million after arrests

The stock of Eximbank sharply reduced to the lowest price of VND14,100 after two bank officers were arrested due to involvement in appropriating VND245 billion ($10.8 million) from a client named Chu Thi Binh.
eximbank threatened to be sued for lack of respect

Eximbank threatened to be sued for lack of respect

Chu Thi Binh, who lost VND245 billion ($10.8 million) at Eximbank, said that she will send a document to request an official apology from Eximbank, otherwise she will sue.
eximbank under fire after string of embezzlement

Eximbank under fire after string of embezzlement

The lawyer of the six customers from whom an officer of Eximbank stole VND48 billion ($2.1 million) ask for repayment in full before the case goes on trial in April.
swindled customer declines 650000 compensation from eximbank

Swindled customer declines $650,000 compensation from Eximbank

“I did not have any private deal with Hung, I deposited money at Eximbank because I trusted this bank. My money disappeared and the bank has not paid me yet. Instead, they blame me,” Chu Thi Binh, the swindled customer of claimed.
commercial banks boost deposit security after eximbank scandal

Commercial banks boost deposit security after Eximbank scandal

Following the recent case of $13.2 million vanishing from a savings account at Eximbank, numerous commercial banks introduced new solutions to strengthen deposit security to restore faith in the finance-banking sector.
deposit security to seize top spot on upcoming bank agm agendas

Deposit security to seize top spot on upcoming bank AGM agendas

Following the incident of “vanished” savings at Eximbank, deposit security will likely be in the limelight at Vietnam-based banks’ upcoming annual general shareholders’ meetings (AGM), rather than the previous issues, such as dividend payment and non-performing loans.
assets of king of shrimp family reduce sharply after eximbank scandal

Assets of King of Shrimp family reduce sharply after Eximbank scandal

The capitalisation of Minh Phu Seafood Corporation (MPC) decreased by VND1.1 trillion ($48.7 million) after information that VND245 billion ($10.8 million) was appropriated from Chu Thi Binh’s—the wife of the “King of Shrimp”—savings account at Eximbank.  
eximbank offers 650000 compensation in advance to swindled customer

Eximbank offers $650,000 compensation in advance to swindled customer

After a meeting with Eximbank, Chu Thi Binh, who lost VND245 billion ($10.8 million), will check the arrangement carefully before receiving VND14.8 billion ($0.65 million) of advance compensation from Eximbank.
central bank orders vigilance after eximbank vip loses big money

Central Bank orders vigilance after Eximbank VIP loses big money

The latest case of an Eximbank customer losing her massive savings has prompted the central bank to circulate a document requesting credit institutions to follow safety procedures on savings and deposit transactions.
eximbank capitalisation shrinks by 22 million in a single day

Eximbank capitalisation shrinks by $22 million in a single day

After a branch leader embezzled funds from a client’s account, the EIB ticker of Eximbank decreased to VND15,800, despite the sharp increase of banking stocks.
eximbank gives up key position in sacombank

Eximbank gives up key position in Sacombank

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank–STB) has just announced that Vietnam Export Import Bank (Eximbank–EIB) is no longer a key shareholder of the bank.