SBV takes over OceanBank

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Báo Đầu Tư English 2 hour(s) ago

SBV takes over OceanBank

The State Bank of Viet Nam (SBV) announced the takeover of the Ocean Commercial Joint Stock Bank (OceanBank) on April 25.

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Shares tumble on sluggish liquidity

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Báo Đầu Tư English 3 hour(s) ago

Shares tumble on sluggish liquidity

Shares opened higher this morning on the two exchanges, but ended slightly lower due to sluggish trading.

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Military Bank honoured for performance

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VietnamPlus English 6 hour(s) ago

The Military Bank Joint Stock Company (MB) was recently honoured as one of the top 50 fastest growing enterprises in Vietnam during 2009-2014.

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State Bank buys out Ocean Bank

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VietnamPlus English 6 hour(s) ago

The State Bank of Vietnam (SBV) will put loss-making Ocean Bank under special surveillance in accordance with the law due to its weak performance and numerous violations of the law.

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State Bank takes over OceanBank

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VietnamNet English 7 hour(s) ago

At a shareholders’ meeting of Ocean Joint Stock Commercial Bank on Saturday, the State Bank of Vietnam (SBV) announced an obligatory purchase of all OceanBank shares putting an end to its shareholders’ rights and benefits.

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Experts propose flexible forex policy

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VOV News English 7 hour(s) ago

Experts propose flexible forex policy

Economic experts have suggested the State Bank of Vietnam (SBV) adopt a flexible foreign exchange policy and adjust it based on supply and demand, instead of forcing the Vietnam dong-US dollar exchange rate to move within 2% a year.

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MOF fears state budget lacks money as banks don’t buy bonds

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VietnamNet English 2 day(s) ago 1 related news

MOF fears state budget lacks money as banks don’t buy bonds

VietNamNet Bridge - The Ministry of Finance (MOF) has warned that the state budget will lack VND32 trillion this year because of the cap the State Bank of Vietnam (SBV) has set on the amount of government bonds commercial banks can buy.

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Does Central Bank breaks the law when determining banks’ dividends?

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VietnamNet English 7 hour(s) ago

Does Central Bank breaks the law when determining banks’ dividends?

VietNamNet Bridge - The State Bank of Vietnam’s (SBV) announcement to determine the dividends commercial banks can pay to their shareholders has raised controversy about its legitimacy.

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Vietnam central bank says taking over small lender

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Báo Thanh Niên English 1 day(s) ago 1 related news

Vietnam's central bank will acquire all shares in a small, loss-making bank in Hanoi, a unit of Ocean Group Co, to ensure the banking system's safety, the second move in less than two months as it seeks to clean up the fragmented sector.

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Vietnam cenral bank says taking over small lender

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Báo Thanh Niên English 1 day(s) ago 1 related news

Vietnam cenral bank says taking over small lender

Vietnam's central bank will acquire all shares in a small, loss-making bank in Hanoi, a unit of Ocean Group Co, to ensure the banking system's safety, the second move in less than two months as it seeks to clean up the fragmented sector.

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Vietnam cbank acquires second weak bank as part of restructuring scheme

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Báo Tuổi Trẻ English 24 hour(s) ago

Vietnam cbank acquires second weak bank as part of restructuring scheme

The State Bank of Vietnam (SBV) has sped up to carry out its scheme to restructure the banking system this year with the acquisition of the second weak bank, Ocean Bank, of which many leaders have been arrested for alleged violations of economic management regulations from last year to this year.

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Vietcombank still hunts for merger

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VietnamPlus English 1 day(s) ago

Vietcombank still hunts for merger

Foreign trade lender Vietcombank continues looking for a merger partner, according to a statement by bank Chairman Nghiem Xuan Thanh, speaking during an April 24 shareholders meeting.

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Vietcombank still hunts for merger

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VietnamNet English 2 day(s) ago 2 related news

Foreign trade lender Vietcombank continues looking for a merger partner, according to a statement by bank Chairman Nghiem Xuan Thanh, speaking during an April 24 shareholders meeting.

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The positions of three major banks in Vietnam after mergers

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VietnamNet English 2 day(s) ago 2 related news

The positions of three major banks in Vietnam after mergers

VietNamNet Bridge – How will the position of the three state commercial joint stock banks in Vietnam - Vietinbank, Vietcombank, BIDV - change after their mergers?

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Positions of three major Vietnamese banks after mergers

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VOV News English 2 day(s) ago 1 related news

Positions of three major Vietnamese banks after mergers

How will the position of the three state commercial joint stock banks in Vietnam - Vietinbank, Vietcombank, BIDV - change after their mergers?

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