kredivo closes 270m series d equity round

Kredivo closes $270m Series D equity round

Kredivo Holdings (formerly known as FinAccel), the parent company of Kredivo and Krom Bank Indonesia, has announced it has raised $270 million in equity financing in a significantly oversubscribed round in its Series D funding phase.
mb to accompany businesses in digital transformation

MB to accompany businesses in digital transformation

As Banking as a Service (BaaS) becomes a new trend in the Fourth Industrial Revolution, MB is actively promoting this service to its partners and businesses across different sectors.
greener faster smarter digital plans

Greener, faster, smarter digital plans

Various experts have explained how Vietnam can be smarter, greener, and more efficient in its digital overhaul, with an eye towards sustainability.
banks continue with consolidation game

Banks continue with consolidation game

Activities pertaining to mergers and acquisitions across Vietnam’s banking system are expected to be robust in the foreseeable future as foreign strategic partners remain eager to broaden their influence.
high pedestal to reach for 2023s growth ambitions

High pedestal to reach for 2023’s growth ambitions

A series of risks including a reduction in domestic production and global demand, and heightened geopolitical complexity are expected to make it more difficult for Vietnam to reach its economic growth indicators this year.
the potential ramifications of us banking collapse

The potential ramifications of US banking collapse

The collapse of Silicon Valley Bank in the United States on March 10 shook the financial markets, opening questions on whether systemic causes are not responsible for this development. Professor Andreas Stoffers, country director of the Friedrich Naumann Foundation in Vietnam, spoke with VIR’s Celine Luu about the situation and its wider impact.
bac a bank offers new credit cards with incentives

BAC A BANK offers new credit cards with incentives

On March 21 in Hanoi, Bac A Commercial Joint Stock Bank (BAC A BANK) launched an international credit card branded with MasterCard, with two card lines including BAC A BANK MasterCard Rewards Gold and BAC A BANK MasterCard Cashback Platinum.
agribank going from strength to strength

Agribank going from strength to strength

After 35 years in business, Agribank still maintains its position as one of the leading banks in Vietnam, with its unique place among Vietnam's rural communities.
ifc partners with shb to boost lending for smes

IFC partners with SHB to boost lending for SMEs

Saigon-Hanoi Commercial Joint Stock Bank (SHB) is the latest Vietnamese bank to join IFC in expanding access to finance for small- and medium-sized enterprises, especially women-owned businesses.
citi named bank of the year in asia pacific

Citi named Bank of the Year in Asia-Pacific

Early this month, Citi was named 'Bank of the Year' in Asia-Pacific at the International Financing Review (IFR) Asia Awards 2022 based on a unanimous decision of the editors of IFR Asia, a leading industry magazine with a focus on capital markets.
indonesia prepares over 12 billion usd for ramadan eid al fitr

Indonesia prepares over 12 billion USD for Ramadan, Eid al-Fitr

Bank Indonesia (BI) is preparing 195 trillion Rp (12.7 billion USD) in cash in preparation for the upcoming holy month of Ramadan and Eid Al-Fitr.
digital transformation faster smarter greener

Digital transformation: Faster - Smarter - Greener

VIR's forum on Digital Transformation: Faster - Smarter - Greener on March 21 opened up new and practical information flows about dual transformation trends – digital and green – in the fields of manufacturing, finance and banking, and e-commerce and logistics.
careful action required to curb inflation threat

Careful action required to curb inflation threat

Monetary experts are still mulling over whether Vietnam should soften or tighten policies to best suit current development circumstances.
vib offers new look credit cards

VIB offers new-look credit cards

Vietnam International Bank (VIB) has just announced a refreshed look for its Mastercard credit cards, with new features to optimise the benefits and meet the spending needs of cardholders.
vib shareholders approve 35 per cent dividend payment

VIB shareholders approve 35 per cent dividend payment

Vietnam International Bank (VIB) held its 2023 AGM in Ho Chi Minh City today. The bank’s shareholders approved a plan to pay dividends at 35 per cent, including cash dividends and bonus shares. They also agreed on a pre-tax profit target of VND12.2 trillion ($517.5 million) for 2023.