be group and vpbank tie up to roll out payment and financial services

BE Group and VPBank tie up to roll out payment and financial services

BE Group JSC, the Vietnamese owner and developer of the be app, has inked a strategic partnership with Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to provide beFinancial, including payment and financial services from 2019.
bizpay of vpbank no more headache with liabilities management

BizPay of VPBank: No more headache with liabilities management

Slated for official roll-out right this month, BizPay, with its multiple advantages and automation attributes, promises to entail breakthroughs in liabilities management as well as tackling businesses’ short-term capital demands.
deepening share of wallet of current customers paid off for fe credit

Deepening share of wallet of current customers paid off for FE Credit

FE Credit, a financial subsidiary of VPBank, remained a crucial contributor to the bank’s outstanding performance in the first quarter of 2019.
banks insurers boost bancassurance to get returns

Banks, insurers boost bancassurance to get returns

Banks and insurance companies are ramping up co-operation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business.
vpbank seeks digitisation for cost reduction and profit maximisation

VPBank seeks digitisation for cost reduction and profit maximisation

Digital investment has started to yield early results for VPBank, setting it on track for sustainable growth, with increased business volume to offset the investment cost and unearth new streams of revenue.
fe credits effort to disrupt its own business model is starting to pay off

FE Credit’s effort to disrupt its own business model is starting to pay off

Disrupting, or displacing, one’s own business model can be rather forward-looking for many businesses around the world, yet it is exactly what a major consumer finance company has done by deploying advanced technologies, in order to prepare well for the future.
vpbank launched yolo digital bank for the youth

VPBank launched YOLO digital bank for the youth

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has officially launched an innovative digital bank integrated with sophisticated tools for the young generation named “YOLO.” 
vpbank appoints two executive managing directors

VPBank appoints two executive managing directors

VPBank has appointed two senior leaders as two executive managing directors cum standing deputy CEOs, Sanjeev Nanavati and Luu Thi Thao, in charge of revenue generation units and supporting business units respectively. 
banks post impressive profit growth in h1 2018

Banks post impressive profit growth in H1 2018

Many banks have reported impressive profit growth in the first half off 2018, compared to the same period last year, thanks to the high credit growth and the improvement from the retail banking segment.
credit suisse ag allocates 200 million credit package to flc group

Credit Suisse AG allocates $200 million credit package to FLC Group

FLC Group is the latest partner of Credit Suisse in Vietnam, along with VPBank, Vietcombank, and FE Credit.
unlock further agri financing opportunities for processing firms

Unlock further agri-financing opportunities for processing firms

IFC, a member of the World Bank Group, in partnership with Vietnam Prosperity Commercial Joint Stock Bank (VPBank) is extending a commodity financing facility of up to $50 million to Tan Long Group, one of Vietnam’s leading commodity traders as a key step to unlock further agri-financing opportunities in this high-potential sector.
transparency helps vietnam banks draw foreign investors

Transparency helps Vietnam banks draw foreign investors

Healthy domestic banks should focus on improving the transparency in their audited financial statements to attract foreign investors as some banks have recently succeeded with the strategy, experts suggested.
banks raise charter capital on own power for basel ii

Banks raise charter capital on own power for Basel II

Numerous banks have been raising charter capital to lure in investment and improve their reserves. However, some of them have raised it from retained earnings, and ownership limits and hassles during negotiation have made local banks less attractive.
fe credit comes under inspection for wide scale harassment

FE Credit comes under inspection for wide-scale harassment

Annoying consumers is one of the major contents reviewing of the State Bank of Vietnam’s Banking Supervision Agency when inspecting FE Credit.
deaura scam hard case to punished

DeAura scam hard case to punished?

DeAura, in collaboration with FE Credit, enticed thousands of customers to sign loan agreements of nearly $2,000 each without any financial check.