Public Bank Vietnam earns post-tax profit $17 mln in 2023, down 5.6%

Public Bank Vietnam earns post-tax profit $17 mln in 2023, down 5.6%

Public Bank Vietnam Limited, a wholly-owned subsidiary of Malaysia’s Public Bank Berhad, earned a post-tax profit of VND436.5 billion ($17.2 million) in 2023, down 5.6% year-on-year, according to its financial statement.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Public Bank to spend $15 mln on acquiring RHB Securities Vietnam

Public Bank to spend $15 mln on acquiring RHB Securities Vietnam

Public Bank Vietnam, a wholly owned subsidiary of Malaysia’s Public Bank Berhad, will spend VND374 billion ($15.24 million) on acquiring RHB Securities Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Shinhan Bank, Public Bank the only 2 foreign banks offering above 5% interest rates

Shinhan Bank, Public Bank the only 2 foreign banks offering above 5% interest rates

South Korea-invested Shinhan Bank and Malaysia-invested Public Bank are the only two foreign commercial banks in Vietnam offering more than 5% interest for 12-month deposits, at 5.3% and 5.6% respectively.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deposit interest rates below 7% at foreign banks in Vietnam

Deposit interest rates below 7% at foreign banks in Vietnam

While Vietnamese commercial banks reduced their deposit interest rates to below 8% recently, the rates were already lower at foreign counterparts in the country at below 7%.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deposit interest rates at foreign banks slightly reduced 

Deposit interest rates at foreign banks slightly reduced 

Amid the deposit interest rate reduction among Vietnamese banks, the rates at foreign banks in Vietnam have slightly decreased in line with the trend.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Public Bank Vietnam earns $20 mln post-tax profit in 2022

Public Bank Vietnam earns $20 mln post-tax profit in 2022

Public Bank Vietnam Limited, a wholly-owned subsidiary of Malaysia’s Public Bank Berhad, earned a post-tax profit of VND462.78 billion ($19.72 million) in 2022, up 21.99% year-on-year, according to its financial statement.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deposit interest rates at foreign banks lower than domestic peers

Deposit interest rates at foreign banks lower than domestic peers

While interest rates in the Vietnamese banking system are forecast to decrease in 2023 when macroeconomic conditions improve, the figures among foreign banks and branches in Vietnam are already lower than those of domestic peers.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

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