Banks in charter capital hikes to add momentum

Banks in charter capital hikes to add momentum

Despite concerns over a deteriorating economic picture, both local and foreign-invested banks are laying fresh momentum in the capital hike race to supplement their adequacy ratio and intensify operations in Vietnam.
Moody's extends upgrade review for VPBank and FE Credit

Moody's extends upgrade review for VPBank and FE Credit

Moody's Investors Service has extended its review for upgrade on all long-term ratings and assessments of VPBank and its subsidiary FE Credit.
Mambu wins new digital banking deal with Cake

Mambu wins new digital banking deal with Cake

Banking technology vendor Mambu has won a deal with Cake, a new digital bank which is looking to offer a full suite of digital banking services.
VPBank to issue additional shares and increase charter capital to nearly $2 billion

VPBank to issue additional shares and increase charter capital to nearly $2 billion

VPBank will issue a maximum of more than 1.97 billion shares to existing shareholders to raise its charter capital.
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.
Rosy half-year profits across the board at Vietnamese banks

Rosy half-year profits across the board at Vietnamese banks

In the first half of this year, most banks have fulfilled more than half of their full-year profit targets despite COVID-19 complexities.
Japanese banks take on strategic roles

Japanese banks take on strategic roles

Given their financially sound cornerstone and professional know-how, Japanese megabanks are actively exploring sensible bolt-on opportunities of banks in Southeast Asia, including Vietnam, as a critical part of their international market expansion.
Consumer finance groups tap new funds

Consumer finance groups tap new funds

International expertise and solid financial support are vaulting some consumer finance companies in Vietnam ahead of their peers, and also presenting opportunities for both sides to deploy excess capital and diversify their business.
VPBank looks for foreign strategic partner

VPBank looks for foreign strategic partner

VPBank has just announced setting its maximum foreign ownership limit at 15 per cent, with plans to make a private placement for a foreign strategic investor.
Dragon Capital becomes largest shareholder of VPBank

Dragon Capital becomes largest shareholder of VPBank

Dragon Capital increased its ownership rate in VPBank (VPB) to 5.12 per cent, becoming its largest foreign shareholder.
Capital injections loom in finance M&A

Capital injections loom in finance M&A

Although the pandemic is still taking a serious toll on the economy, foreign investors are banking on cross-border mergers and acquisitions in the financial industry, especially in consumer finance and retail banking, illustrating the urgency to acquire new capabilities.
FE Credit experiences 16.3 per cent drop in pre-tax profit as NPLs increase in 2020

FE Credit experiences 16.3 per cent drop in pre-tax profit as NPLs increase in 2020

Due to the COVID-19 pandemic, FE Credit reported a decrease in its pre-tax profit while its non-performing loans increased to 6.6 per cent in 2020.
Be Group partnering up with VPBank to launch Cake digital bank

Be Group partnering up with VPBank to launch Cake digital bank

Be Group and VPBank have officially introduced Cake digital bank, a new solution for e-banking.
Diversifying local consumer finance

Diversifying local consumer finance

Consumer finance companies in Vietnam are seeking new approaches to diversify their funding sources and their indirect loan portfolios, as well as lower credit and liquidity risks despite the lingering pandemic and tightening regulations.
FE Credit could file for IPO in third quarter next year

FE Credit could file for IPO in third quarter next year

FE Credit, the biggest consumer finance player in Vietnam and a subsidiary of VPBank, is allegedly preparing for its IPO in the third quarter of 2021.
|< < 1 2 3 4 > >|