banks cut deposit rates thanks to good liquidity

Banks cut deposit rates thanks to good liquidity

Many banks have recently reduced deposit interest rates by 0.2-0.4 percentage points against earlier this year due to good capital mobilisation amidst the credit slowdown.
new vpbank app makes dreams come true

New VPBank app makes ‘Dreams’ come true

VPBank has launched its latest app called ‘Dream,’ providing customers with advice and solutions to conveniently manage their personal finances to help them realise their dreams in a smart and efficient manner.
moodys upgrades rating of four banks in vietnam

Moody’s upgrades rating of four banks in Vietnam

Moody’s Investors Service has upgraded the long-term local currency deposit and local- and foreign-currency issuer ratings of ACB, MB Bank, and Techcombank from B2 to B1, while affirming the long-term local and foreign-currency deposit and issuer ratings of VPBank at B2 and upgrading its BCA to b2 from b3.
vpbank to set fol at 30 per cent after private placement

VPBank to set FOL at 30 per cent after private placement

VPBank (HSX: VPB) is looking to raise capital through a private placement in the upcoming months, then lift its foreign ownership limit (FOL) to 30 per cent and invite potential foreign investors to pay a premium price for its stakes, said the bank’s chairman at the annual general meeting (AGM) held on March 19.
ifc plans to ramp up banking loans

IFC plans to ramp up banking loans

The financial sector is ranked first in priority of investment in Vietnam for the World Bank Group’s private investment arm IFC in 2018, according to Kyle Kelhofer, IFC country manager for Vietnam, Cambodia, and Laos.
foreign investors flock to limited availability bank stocks

Foreign investors flock to limited-availability bank stocks

In 2017, Vietnamese banks have regained their appeal to foreign investors, after a long period of restructuring. Major share sales such as HDBank and VPBank in the last months of 2017 have raised millions of USD for the banks and attracted a great number of buyers from overseas.
vietnams top five ipos in 2017

Vietnam’s top five IPOs in 2017

The five enterprises having the most substantial contribution to augmenting the size of the Vietnamese stock market in 2017 are Vietnam Airlines, Vietjet Air, Petrolimex, VPBank, and Vincom Retail.
aia and vpbank sign 15 year bancassurance partnership

AIA and VPBank sign 15-year bancassurance partnership

AIA Vietnam has joined up with VPBank in a 15-year exclusive bancassurance partnership on Monday, offering VP Bank customers a comprehensive range of life insurance products and services powered by AIA’s innovative wellness proposition, AIA Vitality.
vpbank breaks hose record by individual stock sales

VPBank breaks HoSE record by individual stock sales

Thanks to investors’ interest in its shares, Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has completed the sale of 165 million individual stocks at the price of VND39,000 ($1.71) apiece and earned more than VND6.4 trillion ($280.7 million). 
foreign investors register 12 billion for piece in vpbank

Foreign investors register $1.2 billion for piece in VPBank

The capital volume registered by foreign investors to acquire Vietnam Prosperity Joint Stock Commercial Bank (VPBank)’s shares reached a record $1.2 billion, marking the largest transaction on the stock exchange to date. 
major banks accelerate listing preparations

Major banks accelerate listing preparations

On August 17, VPBank will be officially listed on the Ho Chi Minh City Stock Exchange (HoSE). Including this, there are at least four major bank listings in 2017, and so far, this trend has shown no signs of stopping.
vpbank making its debut on hose

VPBank making its debut on HoSE

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has officially announced its listing on the Ho Chi Minh City Stock Exchange (HoSE) under the ticker VPB.
ifc offers 57 million convertible loan to vpbank

IFC offers $57-million convertible loan to VPBank

International Finance Corporation has approved a convertible loan of $57 million to Vietnam Prosperity Joint Stock Commercial Bank, commonly known as VPBank. 
analysis basel ii bank performances

Analysis: Basel II bank performances

Updated financial reports coming from nine out of 10 banks, consisting of Vietcombank, Vietinbank, BIDV, VIB, ACB, Techcombank, VPBank, MB, and Sacombank (leaving Maritime Bank out of the list as its latest reports were dated 2015) that are to implement Basel II requirements by 2018, showed that the percentage of income generated by banks arose chiefly from credit activities.
fe credit raises 100 million in financing arranged by credit suisse

FE Credit raises $100 million in financing arranged by Credit Suisse

VPBank Finance Company Limited (FE Credit) today announced that the company had obtained a $100 million senior secured term loan committed with Credit Suisse AG Singapore on December 28, 2016 to supplement working capital as it continues to build its domestic consumer finance services business.