TPBank targets after-tax profit of $295 mln in 2024
Private Vietnamese lender TPBank targets to earn VND7.5 trillion ($294.75 million) in after-tax profit this year, according to CEO Nguyen Hung.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
CIMB Bank Vietnam posts $3.4 mln loss in 2023
CIMB Bank Vietnam, under Malaysia-headquartered CIMB bank, reduced its post-tax loss by 60.6% year-on-year to VND85.9 billion ($3.44 million) in 2023.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sacombank targets 10% growth in 2024 pre-tax profit
Private Vietnamese lender Sacombank has set a target of earning VND10.6 trillion ($424.6 million) in pre-tax profit for 2024, a year-on-year increase of 10%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Private lender Eximbank asked to clarify inflated 11-year credit card debt
State Bank of Vietnam (SBV) Governor Nguyen Thi Hong has requested private lender Eximbank to urgently handle a controversial case regarding an 11-year credit card debt to protect a customer's legitimate interests.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Techcombank's 2023 net profit drops 10% to $731 mln
Major Vietnamese private lender Techcombank reported VND40.06 trillion ($1.63 billion) in total income and over VND18 trillion ($731.4 million) in net profit last year, down 1.2% and 10.4% year-on-year, respectively.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agribank's commitment to green credit development strategy
As a pivotal institution providing capital and financial services to the agriculture and rural sectors, Agribank is resolute in spearheading the realization of the government's directives on fostering green credit growth, managing environmental and social risks in credit operations, and striving to lay the groundwork for secure agriculture and sustainable development.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam private lender Bac A Bank’s Q3 pre-tax profit plunges 73%
Vietnamese private lender Bac A Bank posted a 73% year-on-year decline in its pre-tax profit to VND77 billion ($3.15 million) in the third quarter of 2023, it lowest quarterly level since Q3/2015, according to its financial statement.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
HSBC, Shinhan Bank, UOB record strong earnings in Vietnam
Foreign banks HSBC, Shinhan Bank and UOB posted strong performances in Vietnam in the first half of this year, according to their half-year reports.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Shinhan Bank Vietnam makes H1 profit of $99.4 mln
Shinhan Bank Vietnam Ltd. posted post-tax profits of VND2.39 trillion ($99.4 million) in the first half of this year, up 48.23% year-on-year.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Military Bank profit grows 10% in Q1 on provision reduction
The Military Commercial Bank (MBBank) recorded a post-tax profit of VND5.21 trillion ($221.8 million) in the first quarter of 2023, up 10.14% year-on-year, as risk provisions dropped on the decline of most business segments.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
LienVietPostBank to change name, raise charter capital to $1.22 bln
Private Vietnamese lender LienVietPostBank plans to change its name to LPBank and increase its charter capital to VND28.68 trillion ($1.22 billion).
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Deutsche Bank posts 2022 profit of $23 mln in Vietnam
Deutsche Bank recorded a pre-tax profit of 21 million euros ($22.6 million) on a net revenue of 34 million euros ($36.6 million) from its Vietnam operations in 2022, according to the bank’s annual report.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand's KBank seeks to become a top 20 bank in Vietnam by assets
Thailand’s Kasikornbank (KBank) eyes to expand its Vietnam operations to 8.4 million customers and outstanding loans of 180 billion baht ($5.22 bln) in 2027, the lender said in a new release.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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