Sacombank, Southern Bank unveil share swap ratio for merger

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VietnamNet English 6 day(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 6 day(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 week(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 week(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 week(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 1 month(s) ago 1 related news

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

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VietnamNet English 1 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 1 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 1 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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Sacombank's bad debts decline

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Báo Đầu Tư English 1 month(s) ago 1 duplicate news

Sacombank's bad debts decline

The bad debt ratio of Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) fell from 1.46 per cent to 1.19 per cent during the first quarter of this year.

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Which bank is the “richest”?

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VietnamNet English 2 month(s) ago

Which bank is the “richest”?

VietNamNet Bridge - The total assets of the banking system reached nearly $310 billion last year, up 12.2% compared to 2013, State Bank of Vietnam (SBV) has reported.

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Vietnam banks say ‘I do’ as government forces arranged marriages

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Báo Thanh Niên English 2 month(s) ago

Vietnam banks say ‘I do’ as government forces arranged marriages

Vietnamese bank consolidation will accelerate this year as a new rule encourages lenders with stakes in each other to merge or unwind their holdings amid a government pledge to push unions and even force bankruptcies.

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BUSINESS IN BRIEF 29/4

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VietnamNet English 2 month(s) ago 2 related news

FMCG consumption edges up

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Southern Bank to be merged with Sacombank

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VietnamNet English 2 month(s) ago

Southern Bank to be merged with Sacombank

VietNamNet Bridge – The merger of the Southern Bank with the Saigon Thuong Tin Commercial JS Bank (Sacombank) was approved Monday at the shareholders’ meeting of Southern Bank.

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Vietnam's Sacombank aims to complete Phuong Nam merger in 2015

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Báo Thanh Niên English 2 month(s) ago

Vietnam's Sacombank aims to complete Phuong Nam merger in 2015

Sacombank, Vietnam's sixth-largest partly private lender by assets, is aiming to complete this year a merger with unlisted domestic Phuong Nam Bank, the latest in a series of consolidation moves in the overcrowded financial sector.

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