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
Ministry of Public Security rejects rumors on Sacombank chairman’s exit ban
Vietnam’s Ministry of Public Security has rejected rumors that chairman of Ho Chi Minh City-based Sacombank Duong Cong Minh has been banned from leaving the country which led to the dumping of the bank’s shares on Tuesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sacombank refutes Bamboo Airways ex-CEO’s claim on chairman’s involvement in Van Thinh Phat scandal
Sacombank, a mid-sized lender in Vietnam, has rejected claims by former CEO of Bamboo Airways alleging that its chairman has been involved in the notorious Van Thinh Phat scandal and banned from leaving the country.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former Sacombank deputy CEO named Bamboo Airways chairman
Vietnamese private carrier Bamboo Airways on Monday appointed Phan Dinh Tue, former Sacombank deputy CEO, as its chairman for the 2023-2025 term, replacing Le Thai Sam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam bank deposits hit record high of $522 bln at end-September amid lowering rates
Client deposits at credit institutions in Vietnam reached a record high of VND12,680 trillion (circa $522 billion) as of end-September, rising 7.28% from end-2022, data from the central bank showed.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former Sacombank CEO appointed HDBank deputy general director
Former deputy CEO of Saigon-Hanoi Bank (SHB) and former CEO of Sacombank Tran Xuan Huy was appointed deputy general director of HDBank starting Monday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sacombank keen to acquire stake in Bamboo Airways
Ho Chi Minh Stock Exchange-listed Sacombank is taking procedures to acquire a stake in Bamboo Airways, one of its debtors, as the airline is seeking strategic investors.
Banking & Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agri major HAGL mortgages 30 mln shares for $21 mln Sacombank loan
Agricultural giant Hoang Anh Gia Lai approved Thursday two measures to supplement the working capital of one of its subsidiaries with a 12-month VND500 billion ($21 million) loan.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Six lenders join Apple Pay launch in Vietnam
Six Vietnamese banks have joined the Vietnam list of lenders supporting Apple Pay of Apple as the American tech giant launched the payment service in the country on Tuesday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sacombank violates rules in granting loans to 16 clients: inspectors
Vietnamese private lender Sacombank commited violations in granting loans worth VND15.22 trillion ($642.38 million) to 16 customers as of August 31, 2018, government inspectors say.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former Sacombank vice chairman back to business after 7 years in jail
Former vice board chairman of Sacombank Tram Be has been appointed a board member of Trieu An Hospital Corporation for the term 2022-2027 after seven years in prison.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Businessman in hot water for ‘slandering’ Sacombank leader
Sacombank has petitioned Vietnamese authorities to charge a businessman who posted a “slanderous” message about the bank’s leader on Facebook.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sacombank expects 50% profit hike to $405 mln in 2023
Vietnamese lender Sacombank is expecting pre-tax profit of VND9.5 trillion ($405 million) in 2023, up 50% year-on-year.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Customer makes misleading statements of deposit loss: Sacombank
Ho Thi Thuy Duong, a Sacombank customer in the case of a VND46.9 billion ($1.99 million) deposit loss, had made misleading statements that did not reflect the core truth, the bank announced on Friday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sacombank Khanh Hoa director fired for deposit losses
Pham Tan Minh, director of the Sacombanks branch in Khanh Hoa province, has been dismissed from his post after four staff members at its Cam Ranh transaction office were arrested for property embezzlement.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
False info on foreign ownership may hurt Sacombank: executive
Sacombank has asked the Vietnam Securities Depository (VSD) to clarify information regarding the bank’s foreign ownership limit of 23.63% because the bank may no longer be able to attract a foreign strategic investor if the ratio reaches 30%, said CEO Nguyen Duc Thach Diem.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former Sacombank vice chairman released from prison
Former vice board chairman of Sacombank Tram Be has completed two prison sentences, Tra Vinh province's prosecution authority told local media on Wednesday.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sacombank tries to offload debts in HCMC industrial park for fifth time
Sacombank has announced the auction of 18 debts secured by assets in the Phong Phu Industrial Park, Ho Chi Minh City, for the fifth time.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Banks tipped to record 14% growth in 2023 profit: top broker
The banking sector is forecast to earn pre-tax profits of VND248.57 trillion ($10.6 billion) in 2023, up 13.7% year-on-year, according to SSI Securities.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sacombank auctions 11,222 sqm land in HCMC
Sacombank will auction nearly 11,222 square meters of land in Ho Chi Minh City with a starting price exceeding VND592.93 billion ($25 million) on December 29.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dragon Capital ownership at Sacombank rises to 5.25%
Dragon Capital, a leading fund management company in Vietnam, has completed the purchase of 5.1 million Sacombank (STB) shares, raising its ownership at the lender to 5.25% from 4.98%.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Two Sacombank employees arrested for suspected embezzlement
Khanh Hoa police have arrested two employees of Sacombank's Cam Ranh branch for suspected embezzlement of money from the private bank's customers.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sacombank picks Swiss firm Temenos to elevate digital banking
Switzerland-based banking software systems provider Temenos has been selected by Vietnamese lender Sacombank to power its digital banking for over 15 million retail and business customers.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
We are not them, Sacombank clarifies as customers confuse it with SCB
Sacombank chairman clarified Sunday that his bank and Saigon Commercial Bank (SCB) are two different entities as some of the former’s customers mistook it for the latter.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sacombank chairman new senior advisor to Bamboo Airways board
Bamboo Airways, FLC Group's airline, announced Tuesday a resolution to invite chairman of Sacombank Duong Cong Minh to become a senior advisor to its board of directors.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam-Japan bank venture sets sights on Cambodia retail financing
Japan’s Shinsei Bank will collaborate with Vietnam’s MB Bank to exploit retail financing opportunities in Cambodia, where the latter has been permitted to set up a bank.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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