Bankers say bad-debt ratio is not that high

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VietnamNet English 7 hour(s) ago 1 related news

Bankers say bad-debt ratio is not that high

VietNamNet Bridge - While economists doubt commercial banks can reduce the bad-debt ratio to below 3 percent by the end of August, bankers said the target was within reach because the current situation is not as bad as once thought.

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Cathay United Bank lends first Vietnamese bank

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VietnamNet English 4 day(s) ago

Cathay United Bank lends first Vietnamese bank

Saigon Thuong Tin Commercial Bank (Sacombank) last Friday inked a contract to borrow US$50 million from Cathay United Bank to secure capital for provision of medium and long-term loans.

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M&A picks up speed in banking

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VOV News English 2 week(s) ago 1 duplicate news

M&A picks up speed in banking

At an extraordinary meeting on July 11 Sacombank shareholders approved plans to merge with Southern bank and issue three-fourths of a share for each share of the latter.

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Sacombank & Southern Bank to merge this year

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VietnamNet English 3 week(s) ago 1 related news

Sacombank & Southern Bank to merge this year

VietNamNet Bridge -The Saigon Commercial Bank (Sacombank) on July 11 held an extraordinary shareholders meeting to approve a plan to merge with Southern Bank, with 93.7 per cent of shareholders voting in favor.

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Sacombank shareholders agree to merge with Southern Bank

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Báo Đầu Tư English 3 week(s) ago 1 related news

Sacombank shareholders agree to merge with Southern Bank

Sacombank shareholders have agreed to the bank's plan to merge with Southern Bank, with 93.7 per cent of those voting in favor at an unusual meeting on July 11.

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Phu My Hung and partners offer promotion

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Báo Đầu Tư English 3 week(s) ago

Phu My Hung and partners offer promotion

The Phu My Hung Development Company Ltd has recently announced co-operation with three banks, four interior design companies and six electronic and construction material suppliers in an aim to bring better services to customers.

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Sacombank, Southern Bank unveil share swap ratio for merger

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VietnamNet English 1 month(s) ago 1 related news

Sacombank, Southern Bank unveil share swap ratio for merger

The share swap ratio in a merger deal between Saigon Thuong Tin Commercial Bank (Sacombank) and Southern Bank has been announced at 1:0.75, according to a merger scheme released on June 29.

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Major Vietnamese lender Sacombank set to expand after merger

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

Major Vietnamese lender Sacombank set to expand after merger

The Sacombank's headquarters in Ho Chi Minh City. Photo credit: Saigon Times Online

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HAGL complex opens in Myanmar

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Báo Đầu Tư English 1 month(s) ago

HAGL complex opens in Myanmar

The first phase of the HAGL Myanmar Centre, a US$440-million trade centre, hotel and service office complex, was opened in Myanmar on June 23.

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Banks forced to merge to settle circular ownership status

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VietnamNet English 1 month(s) ago 1 related news

Banks forced to merge to settle circular ownership status

VietNamNet Bridge - The State Bank of Vietnam (SBV) has taken a series of actions to clear cross-ownership which has existed in the banking system for many years.

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Banks forced to merge to settle circular ownership status

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VOV News English 1 month(s) ago 1 related news

Banks forced to merge to settle circular ownership status

The State Bank of Vietnam (SBV) has taken a series of actions to clear cross-ownership which has existed in the banking system for many years.

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SACOMBANK - SBS: Appointment of Head of the branch

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VietStock FI English 2 month(s) ago 1 related news

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Vietnam’s “chaebols”: King of 'Acquisition' Tram Be

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VietnamNet English 2 month(s) ago

Vietnam’s “chaebols”: King of 'Acquisition' Tram Be

VietNamNet Bridge – As the big shareholders of both Southern Bank and Sacombank, the family of Mr. Tram Be is a "unique" case in the Vietnamese banking sector.

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Agribank remains top dog in terms of assets

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VietnamNet English 2 month(s) ago 1 related news

Agribank remains top dog in terms of assets

With total assets of VND763 trillion (US$35.16 billion), the Viet Nam Bank for Agriculture and Rural Development (Agribank) retained the top slot in terms of assets in the first months of this year.

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Agribank remains top dog in terms of assets

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VietNam News English 2 month(s) ago 1 related news

With total assets of VND763 trillion (US$35.16 billion), the Viet Nam Bank for Agriculture and Rural Development (Agribank) retained the top slot in terms of assets in the first months of this year.

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