Banks report healthy three-quarter profit picture

Banks report healthy three-quarter profit picture

Many banks have published business reports for the first three quarters, depicting a generally bright profit picture.
Thai bank Krungsri expands footprint in Southeast Asia, including Vietnam

Thai bank Krungsri expands footprint in Southeast Asia, including Vietnam

Thailand’s Bank of Ayudhya (Krungsri Bank) is signalling interest in expanding its footprint in Southeast Asia, including Vietnam.
SHB temporarily locks foreign ownership ratio at 10 per cent

SHB temporarily locks foreign ownership ratio at 10 per cent

SHB confirmed that it would temporarily lock its foreign ownership ratio at 10 per cent, and is now negotiating with several foreign investors.
SHB focuses on handling debts at Vinashin and VAMC

SHB focuses on handling debts at Vinashin and VAMC

SHB will soon handle all debts of Vinashin and purchase all bonds held by VAMC this year thanks to increasing loan-loss provisioning.
SHB Finance announced new chairman and posted stable performance in 2020

SHB Finance announced new chairman and posted stable performance in 2020

Hanoi-based commercial lender Saigon-Hanoi Commercial Joint Stock Bank (SHB) last week announced a senior personnel nomination at its member company, Saigon-Hanoi Commercial Bank Finance Co., Ltd. (SHB Finance).    
SHB Finance secured Moody’s Stable outlook rating, persistent with international practice approach

SHB Finance secured Moody’s Stable outlook rating, persistent with international practice approach

International ratings agency Moody’s has professed confidence in SHB Finance – the wholly-owned subsidiary of privately-held lender SHB – by reaffirming its long-term ratings, following a healthy performance by the company in the past months in the context of the prolonged pandemic.
A string of banks land the HSX

A string of banks land the HSX

Following recovery plans after the pandemic came under control in Vietnam, many banks have recently announced plans to move their lists to the Ho Chi Minh City Stock Exchange (HSX).
SHB to get strategic partners on board at consumer finance arm

SHB to get strategic partners on board at consumer finance arm

SHB plans to sell part of SHB Finance to foreign strategic partners and will put this proposal up for discussion at its annual shareholders' meeting.
Banks ramp up support for customers in COVID-19 time

Banks ramp up support for customers in COVID-19 time

Amidst the COVID-19 epidemic, banks have slashed lending rates by up to 2 per cent to help customers mitigate the implications on their lives and business.    
More than 23 million SHB stocks exchange hands

More than 23 million SHB stocks exchange hands

Foreign investors sold 23.59 million SHB stocks worth millions of US dollars in the session of March 5.
Lenders at odds with supporting strategies

Lenders at odds with supporting strategies

While Vietnamese lenders have stepped up their support for the virus-hit economy by reducing lending rates or offering relief measures, foreign banks are adopting a wait-and-see approach.
SMEDF loan assistance to raise SMEs on par with global competitors

SMEDF loan assistance to raise SMEs on par with global competitors

The assistance of the SMEDF will help SMEs to improve technology and strengthen linkages with global value chains.
Partnership with SHB expected to aid for Amazon in Vietnam

Partnership with SHB expected to aid for Amazon in Vietnam

The recent co-operation between SHB and Amazon is expected to live up to the US giant's plans of accelerating cross-border e-commerce in Vietnam.
Vietnamese banks target more overseas markets

Vietnamese banks target more overseas markets

Vietnamese banks are stepping up plans to expand their markets globally instead of focusing only on the Indochina region.
SHB warns of fake websites

SHB warns of fake websites

Following the troubles of VietinBank, Vietcombank, and BIDV, most recently, SHB warned about fake websites imitating its official site to swindle customers.
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