banks eye rosier prospects in q1

Banks eye rosier prospects in Q1

The banking sector has witnessed an inspiring profit picture in the first quarter of this year as the economic rebound takes a stronger foothold.
bank shareholders to receive lucrative dividend

Bank shareholders to receive lucrative dividend

Nam A Bank passed its plan for its dividend payout at its AGM on March 29, at a ratio of 25 per cent in the form of shares, to bolster its financial standing. The bank aims to raise its charter capital to nearly $571 million this year, before reaching $675 million by 2025.
ifc considers 150 million investment in ocb

IFC considers $150 million investment in OCB

International Finance Corporation (IFC), a member of the World Bank Group, is considering investment of up to $150 million in Vietnam-based OCB.
banks saw mixed 2023

Banks saw mixed 2023

Ho Chi Minh City-based lender Sacombank became the first bank to make its 2023 business results public last December, with an estimated pre-tax profit of $400.8 million, a 50 per cent jump on-year. Its total deposit volume surpassed $24.2 billion and its outstanding balance touched $20.5 billion.
ocb secures 55 million loan from deg bolstering support for smes

OCB secures $55 million loan from DEG, bolstering support for SMEs

The Orient Commercial Joint Stock Bank (OCB) has secured a $55 million loan from Germany's DEG, targeting support for SMEs, especially those led by women, to lift Vietnamese living standards.
banking legacies and family ties shaping commercial banks in vietnam

Banking legacies and family ties shaping commercial banks in Vietnam

Explore the intriguing dynamics of Vietnam's private banks, such as Techcombank, TPBank, LPBank, OCB, SHB, ACB, and SeABank, where family members of top executives wield significant influence and play key roles in shaping the institutions' operations and strategies.
banks pin hopes on non interest income sources

Banks pin hopes on non-interest income sources

Banks expect to rely more on non-interest income sources in the face of the credit expansion slowdown and challenging business environment to see any considerable profit growth this year.
ocb secures 100 million loan from ifc to empower smes

OCB secures $100 million loan from IFC to empower SMEs

Vietnam's Orient Commercial Joint Stock Bank (OCB) has just secured a substantial loan of $100 million from the prestigious International Finance Corporation (IFC).
bad bank debts cast shadow over profit outlook

Bad bank debts cast shadow over profit outlook

Several banks have posted low profit growth in the first quarter (Q1) of this year, with some even seeing negative growth, mostly due to a spike in non-performing loans (NPLs), leading to soaring provisioning costs.
banking sector to maintain the lifeblood of the economy

Banking sector to maintain the lifeblood of the economy

Top bank leaders have discussed their development trajectories for the new year to successfully meet all economic goals set for 2021-2025.
shrewd activities resulting in banking bonuses for 2021

Shrewd activities resulting in banking bonuses for 2021

Despite the unexpected turbulence from public health challenges, privately-held commercial banks in Vietnam are enjoying stellar profit bonanzas thanks to their full suite of minted financial services, alongside cost-effective drives and debt rescheduling roadmaps.
ifc provides 100 million loan to ocb to support smes and climate friendly projects

IFC provides $100 million loan to OCB to support SMEs and climate-friendly projects

To facilitate greater private sector contribution to green and sustainable growth in Vietnam, International Finance Corporation (IFC) will provide a $100 million long-term loan to Vietnamese lender Orient Commercial Joint Stock Bank (OCB) to expand lending to small- and medium-sized enterprises and boost financing, especially for climate-friendly projects in the country.
japanese lender aozora bank supports vietnams covid 19 vaccine fund

Japanese lender Aozora Bank supports Vietnam's COVID-19 vaccine fund

Japanese lender Aozora Bank yesterday (July 1) donated ¥5 million ($44,930) to the Vietnamese Embassy in Japan to support the Vietnamese government's COVID-19 vaccine fund.
ocb to increase charter capital and potentially lift fol

OCB to increase charter capital and potentially lift FOL

The State Bank of Vietnam (SBV) has approved Orient Commercial Bank (OCB) to increase its charter capital to nearly VND2.74 trillion ($119.13 million) by issuing nearly 274 million shares, with a dividend rate of 25 per cent.
lenders on course to reach 2021 targets

Lenders on course to reach 2021 targets

Favourable legislation from the Vietnamese government, stronger demand for credit, and more affordable cost of capital after policy rate cuts have provided a shot in the arm for banks’ profit.