ABBank targets $42 mln in pre-tax profit, to go public in 5 years
An Binh Commercial Joint Stock Bank (ABBank) has targeted pre-tax profits of VND1 trillion ($41.6 million) this year, up 94.5% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Five Vietnam banks reduce 12-month deposit interest rates to below 5.5%
Private lenders ABBank, Techcombank, GPBank and SeABank and state-controlled Vietcombank have become the first five Vietnamese banks to cut their 12-month deposit interest rates to below 5.5%.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
ABBank appoints new acting general director
An Binh Commercial Joint Stock Bank (ABBank) has appointed Pham Duy Hieu as acting general director from Thursday, replacing Le Thi Bich Phuong who resigned for personal reasons.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam commercial banks report 25-94% decline in Q2 profit
Four of seven Vietnamese commercial banks that have announced second quarter business results show a 25-94% year-on-year decline in pre-tax profits.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Deposit interest rates lowered following Vietnam central bank’s cut
Commercial banks in Vietnam have cut their deposit interest rates by 0.3-0.7 percentage points in line with the State Bank's lowered rates.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Domestic banks reduce one-year deposit interest rates to below 9%
Vietnam's domestic banks have all reduced their deposit interest rates for one-year terms to below 9%, with state-controlled commercial banks Agribank, VietinBank, BIDV, and Vietcombank, also known as the “Big 4”, setting the lowest rates of 7.2%.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
ABBank powers up banking transformation with Dutch firm Backbase’s solution
Backbase, a global leader in engagement banking, launched its partnership with ABBank Thursday to help the Vietnamese lender speed up its banking transformation with a platform by the Dutch technology firm.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Commercial banks reduce deposit interest rates by 0.2-0.5 percentage points
Commercial banks have agreed to reduce their deposit interest rates by 0.2-0.5 percentage points from Monday, the State Bank of Vietnam said in a statement.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
ABBank appoints sixth general director in 5 years
Since 2018, An Binh Commercial Joint Stock Bank (ABBank) has changed its general director six times.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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- Editor’s Picks
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No offshore wind projects in Vietnam until 2028: global council
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Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
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Techcombank plans 10% stake issue to foreign strategic investors
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