vpbank

Retail Asia31/03/2023

VPBank expects a pre-tax profit of VND24 trillion ($1.02 billion) this year, exceeding the $1 billion milestone for the first time since its establishment. The news comes after the bank announced the sale of a 15% stake to a Japanese financial giant. The target, announced in a document sent to shareholders before the upcoming general […]

Retail Asia28/11/2022

Some banks have hiked deposit interest rates to 10-10.35% amid low liquidity in the system. NCB is paying the highest interest rate of 10.35% for 12-month deposits of VND1 billion (US$40,300) downwards made online. For six-month deposits, it is offering 10%. Over the past month, lenders have increased deposit interest rates frequently, even weekly in […]

Retail Asia14/07/2021

Sixteen commercial banks have agreed to reduce interests on existing loans of Covid-hit businesses from now until the end of the year. The banks include Vietcombank, Vietinbank, BIDV, Agribank, Techcombank, MB, VPBank, TPBank and Sacombank. Lowering interests is difficult, but this is the time when banks need to share the burden with businesses, said Nguyen […]

Retail Asia07/07/2021

Vietnam Report JSC recently announced the nation’s Top 10 prestigious and effective public companies for 2021 with six banks including Vietcombank, ACB, VPBank, VIB, MBBank and Techcombank. Over the past two years, these banks have been recognized by economists and investors for their financial strength and communication capacities, their growth potential, level of sustainable development, […]

Retail Asia22/01/2021

Lender VPBank reported a 26 percent jump in pre-tax profit last year to VND13 trillion ($564.24 million). The second and fourth quarters saw its highest ever quarterly profits of VND3.67 trillion and VND3.62 trillion. The lender’s profits exceeded those of state giant BIDV and private lender VIB. Its income was up 7.3 percent to VND39 […]

Retail Asia30/01/2019

Banks have hiked deposit interest rates by 0.1-0.5 percentage points as the country’s spending demand surges prior to Tet. Private lender Asia Commercial Bank last Friday introduced a new interest schedule with an increase of 0.2-0.3 percentage points in rates on most deposit terms. It also offers rates proportional to the amount of deposit. Techcombank, another […]

Retail Asia11/08/2017

The bank’s market capitalization is expected to reach $2.5 billion following the offering. The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) was given approval on August 8 to list on the Ho Chi Minh Stock Exchange (HoSE). The bank plans to make its IPO on August 17 under the code VPB with a reference price of […]

Tag: vpbank

VPBank eyes $1B profit

Bank deposit interest rates surpass 10%

16 banks to lower loan interests amid Covid-19

Banking sector eyes growth potential

VPBank profits jump 26 pct

Vietnam’s interest rate rises in the lead-up to biggest national holiday

VPBank gets all clear to offer 1.3bln shares on Saigon market debut