SHB sets sights on pre-tax profit hike, bad debt ratio dip in 2024
Saigon-Hanoi Commercial Joint Stock Bank, one of the top private banks in Vietnam, is aiming for VND11.28 trillion ($444 million) in pre-tax profit in 2024, up 22.2% year-over-year, its chairman Do Quang Hien told the bank's AGM on Thursday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam lender SHB seeks strategic foreign investor
Saigon-Hanoi Bank (SHB) is seeking an optimal strategic partner towards delivering greater value to customers and shareholders, a source with knowledge of the matter told The Investor Friday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
SHB Finance vice chairman steps down after Thai lender’s takeover
Do Quang Vinh has resigned as standing vice chairman and board member of SHB Finance, the consumer finance arm of Saigon-Hanoi Bank (SHB).
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Six Vietnam commercial banks to raise their charter capital
Six Vietnamese commercial banks, namely ACB, SHB, LPBank, NCB, Vietcombank, and Agribank, are poised to increase their charter capital, aiming to augment their financial capacity and become more competitive.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Saigon-Hanoi Bank to raise charter capital to $1.56 bln
The Saigon-Hanoi Bank (SHB), one of the top private banks in Vietnam, plans to increase its charter capital from VND30.67 trillion ($1.3 billion) to VND36.65 trillion ($1.56 billion), maintaining its position in the top five Vietnamese private banks in terms of chartered capital.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
South Korea's DB Insurance to buy 75% stake in Vietnam insurer BSH
Shareholders in Vietnam’s Saigon-Hanoi Insurance (BSH) are set to sell 75 million shares, equivalent to a 75% stake, to DB Insurance Co., Ltd., a major non-life insurer in South Korea.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
SHB completes 50% stake sale of consumer finance arm to Thai bank Krungsi
Saigon-Hanoi Bank (SHB) has completed the 50% stake sale of SHB Finance, its consumer finance arm, to Thailand's Krungsri Bank, the Vietnamese creditor announced Tuesday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Legal rules needed for grey areas to help unbanked, underbanked residents: experts
Vietnam needs to build up a proper legal framework to help the consumer finance market develop in a healthy manner and better support the unbanked and underbanked in the country, a Tuesday workshop heard.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC’s $120 mln investment in Vietnam lender SHB to widen SME loans
International Finance Corporation, the World Bank’s investment arm, has decided to invest $120 million into Saigon-Hanoi Bank (SHB) to help the Vietnamese lender expand financial access for small and medium enterprises.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
SHB bank appoints new vice chairmen
Saigon-Hanoi Bank (SHB) has appointed deputy general directors Do Quang Vinh and Do Duc Hai its vice chairmen for the term 2022-2027.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japanese banks pump vast capital into Vietnam market
Japanese banks, both mega and smaller, have been channeling more investment into Vietnam, one of the world’s fastest expanding economies.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Saigon-Hanoi Bank seeks foreign strategic shareholder
Saigon-Hanoi Bank (SHB), one of the top private banks in Vietnam, plans to find a foreign strategic shareholder in late 2023 or early next year, said chairman Do Quang Hien.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC lends $40 mln to Vietnam lender SHB, expects new $50 mln
World Bank investment arm IFC signed a $40 million loan for Saigon-Hanoi Bank (SHB) on Tuesday to help the lender expand financial access for small and medium enterprises, while seeking a $50 million financing package for the same purpose.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
SHB bank appoints new deputy general director
Saigon-Hanoi Bank (SHB) has appointed Tran Xuan Huy its deputy general director in charge of southern Vietnam, effective from March 1, 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC seeks to channel $320 mln into 3 Vietnamese banks
The World Bank Group’s investment arm IFC has proposed investments totaling $320 million in three Vietnamese banks to support their loan portfolios for small and medium-sized enterprises (SMEs) and housing finance.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
SHB bank, VPBank raise foreign ownership limits
SHB has tripled its foreign ownership limit to 30%, the maximum allowed under the law, while VPBank previously raised its figure from 15% to 17.5%.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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