SMBC to earn $48.6 mln dividend from VPBank weeks after becoming strategic investor
Sumitomo Mitsui Banking Corporation (SMBC), the second-largest bank in Japan by total assets, will receive VND1.19 trillion ($48.6 million) worth of dividend from privately-run VPBank just weeks after becoming a strategic investor.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
SMBC finalizes $1.5-bln M&A deal with Vietnam's largest lender by charter capital VPBank
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has completed acquisition of a 15% stake worth $1.5 billion of Hanoi-based VPBank, making it the largest M&A deal in the Vietnamese banking system so far.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Eximbank forecasts $146 mln profit in 2022
Eximbank, with Japan's SMBC as major shareholder, has forecast pre-tax profits of VND3.5 trillion ($146 million) for 2022, and a pre-tax profit target of VND5 trillion ($208 million) for 2023, up 42.9% year-on-year.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
IMS, OPES partner in Vietnam mobile telematics insurance
Britain-based IMS, a connected insurance solutions business, has teamed up with Vietnamese company OPES to supply smartphone app-based telematics insurance to car drivers in Vietnam.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Eximbank H1 profit hit 10-year record high
Eximbank, with Japan's SMBC as major shareholder, reported after-tax profits of VND1,519 billion ($65 million) in the first six months of the year, 2.4 times year-on-year.
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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Vietnam needs to build more highways: logistics firm exec
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Vietnam central bank pumps cash to save troubled lender SCB
