Son of VIB chairman sells entire stake in bank
Vietnam International Bank (VIB), one of the country’s major retail banks, has announced that Dang Quang Tuan, the son of bank chairman Dang Khac Vy, has sold out more than 124.7 million shares, equivalent to a 4.916% stake.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC okays new $100 mln funding for VIB’s housing portfolio
The World Bank’s investment arm IFC has approved a proposed investment of $100 million into VIB to further fuel the Vietnamese private bank’s housing portfolio, following a similar $150 million loan last year for the same purpose.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Leading Vietnamese retail bank VIB assures loan security: chairman
Vietnam International Bank (VIB), one of the country’s major retail banks, provides secure loans despite domestic and global headwinds, and will beef up its charter capital to further drive its strong growth, chairman Dang Khac Vy said Wednesday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Multi-sector firm REE spends $31 mln buying VIB shares
Refrigeration Electrical Engineering (REE) invested in 38.8 million VIB shares of Vietnam's leading private bank VIB in the fourth quarter of 2022, with the closing balance of more than VND738 billion ($31.47 million).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Large offshore loans fuel Vietnamese banks, firms
Major international financial institutions have been providing several Vietnamese banks and companies with large loans to bolster their growth.
Banking - 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
VIB eyes foreign ownership expansion to 30%
Vietnam's leading private bank VIB plans to lift its foreign ownership limit from 20.5% to 30%, the maximum level allowed by the law.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC expects $500 mln in financing lenders VPBank, VIB
The World Bank’s investment arm IFC is weighing two loans totaling $250 million for two Vietnamese private banks VPBank and VIB, and eyeing mobilization of the same amount for the duo.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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Energy - Update 4 day ago
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